Danske Markets

Moody's upgraded Portugal's sovereign rating by one notch to Ba1, and stable outlook on Friday evening following market close. Portugal is close to regaining investment grade status with only one...

Today's data for monetary development in the euro area was good compared with the latest trend and if the improvements continue, it will be positive for the growth outlook in the euro area. M3 money...

Market movers today Late today the EU is set to publish a list of new names of individuals and organisations affected by sanctions due to the Ukraine-Russia conflict. The EU is also set to discuss...

Euro services PMI was stronger than expected in July and increased to 54.4, from 52.8 in June. This is the highest level in more than three years and as services are driven mainly by domestic demand,...

Russian economy set to suffer more painA week ago, 298 people lost their lives when Malaysia Airlines MH17 came down in Eastern Ukraine. Western officials and the Ukrainian government have said that...

Overall, we expect to see a slight improvement in euro area PMIs for July. In our view it will probably be a bit more pronounced in the service sector, where we expect a rise to 53.1 from 52.8 in...

Market movers todayOn the data front, the calendar is thin today with minutes from the Bank of England (BoE) July meeting as the main event. With the first rate hike from the BoE likely to be drawing...

Data for the periphery countries remain strong and Spain, Ireland, Portugal and Greece still have potential to surprise more, as the hard negative shock has resulted in very high pent-up demand. In...

EU foreign ministers are meeting today to decide on further sanctions against Russia following the MH17 crash. In particular UK’s Cameron is pushing for additional sanctions. However, the...

This week the scorecard recommends buying JPY, CHF and SEK while selling NOK, GBP and AUD (see suggested weights in portfolio in table below). Last weeks signals resulted in a 0.25% gain. To Read...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click on...

Market movers today A light global calendar today with focus likely to remain on the geopolitical tensions. Both US and Europe are increasing the pressure on Russia following the MH17 crash. European...

Iran and the P5+1 group extended the deadline for a new deal on Iran's nuclear programme to 24 November. This should more or less be what was expected and therefore, we do not expect a significant...

While ISM manufacturing has recovered a lot from the winter lows, we believe it can improve a bit further in the short term before moderating in Q3. Hence, we expect ISM manufacturing to improve to...

Malaysia Airlines shot down over UkraineYesterday, 298 people lost their lives when Malaysia Airlines MH17 was apparently shot down over Eastern Ukraine. Western officials and the Ukraine governments...

Market movers today Another light data calendar with the US University of Michigan Confidence indicator as the highlight. The consensus expectation is for a reading of 83, thereby confirming the...