Danske Markets

Decision time for Belka as well The EMEA markets will be focused on central banks in the coming week, with the Hungarian, Czech and Turkish central banks announcing rate decisions. We expect the...

The second half of the year could prove quite interesting for commodities markets. Disruptions have plagued the market at times over the first six months of 2014, most notably dry weather in Brazil...

As widely expected, today Norges Bank kept rates on hold. However, the interest path was adjusted downwards more than expected by almost 50bp versus a consensus view around 25bp ahead of the meeting....

US PCE inflation, which is the FOMC's preferred inflation measure, is due to be released. We expect the PCE core to increase to 1.5% y/y and we see upside risk to our forecast. The first set of...

Yesterday the National Institute of Economic Research (NIER) published its new macro forecast for Sweden. Of particular interest is the NIER inflation forecast (historically NIER has proven to be...

Data for the periphery countries is stronger than it has been for a long time. Spain, Ireland, Portugal and Greece have potential for more surprises as the hard negative shock has resulted in very...

Today markets will probably continue to digest details from yesterday's FOMC meeting as the schedule mainly contains tier 2 data, although rate decisions in Norway and Switzerland will also be in...

The FOMC statement today provided little change and as such was a little less hawkish than expected. The Fed left the words on inflation unchanged despite the recent rise in core inflation and...

The rising unrest in Iraq has added to the geopolitical concerns in the oil market and, consequently, the oil price has moved up a notch to around USD112-113/bl - the highest level since last...

Market movers today The Fed will take centre stage today with its statement, new projections and press conference by Fed chairman Janet Yellen. Overall we see the risk skewed towards the slightly...

We look for a slight increase in today's German ZEW index for June to 34.8 from 33.1. The index has been trending lower for some months but the more positive global newsflow is expected to lead to...

In Danske Bank's Euro Area Deflation Index, all countries are placed at or below zero and a number of countries have a lower score compared with last month. Euro inflation declined back to 0.5% in May...

By announcing an easing package containing a negative deposit rate, targeted LTRO and a halt to the SMP sterilisation, the ECB managed to surprise the markets. The easing package has enforced the...

The latest IMM data covers the week from 3 to 10 June 2014. IMM data released last Friday showed a continuation of bearish EUR builds. This week's move reflects ECB easing on 5 June and speculators...

This week the scorecard recommends buying NOK, AUD and CHF while selling JPY, CAD and GBP. Last week's sell-off in NOK seems overdone according to the model and thus the scorecard recommends buying...

Focus this week will be on the FOMC meeting on Wednesday. The markets will be looking for signals as to the timing of the first rate hike, as a further decline in unemployment and a rise in inflation...