Danske Markets

Most interesting to us at next week’s meeting will be the growth risk assessment and more hints on liquidity operations. We expect growth risk to be on the downside and no formal announcement of...

Trade war headlines overnight rocked the FX market temporarily - AUD, NZD, CAD and NOK rose temporarily between 0.6-1% vis-à-vis JPY. While it does not represent real progress in trade talks,...

Finally, a (new) government and budget? Close short-dated ASW spreads, consider moving further out on the Kommuninvest curve. TradesNew , Buy Kommuninvest K2410 (Oct 2024) in an ASW @+23bp. P/L:...

Market movers Watch out for any headlines on US-China trade talks after The Wall Street Journal' s story that the US administration is considering reduce tariffs on Chinese imports. UK retail sales...

With all the talk about weak car sales in China, we highlight the charts below. It is true that car sales are down a lot when measured on an annual basis. The year-on-year rate is above -10%. However,...

Market movers today Markets will continue to digest yesterday's defeat of Theresa May's Brexit deal (see more below), while attention will also turn to whether May's government can survive the 'no...

Global risk sentiment and global equity markets came under severe pressure in December, and credit spreads widened. The start to 2019 has been better; we have seen an equity recovery and the...

As widely expected, PM Theresa May's Brexit deal failed in the House of Commons. The defeat, however, was bigger than expected, 432 against versus 202 in favour.The first thing to look out for is the...

Market movers today The day of the long-awaited Brexit vote in the House of Commons has finally arrived (voting starts at 20:00 CET). A defeat of PM Theresa May's Brexit deal is widely expected, so...

Implied volatility is little changed from last week in the Scandi FX sphere. Realised volatility has declined substantially in both NOK and SEK,-crosses which should curb upside potential in implied...

Market movers today Judging by the country figures released already, euro area industrial production will probably show another dismal reading for November, in a sign that activity remained sluggish...

Starting on 16 January (depending on market conditions), Swedbank Hypotek is set to introduce a new benchmark loan (SE0012142206) that matures on 18 September 2024, becoming the longest Swedbank...

E UR/NOK. We think markets have become too negative on global growth, which alongside OPEC+ production cuts is expected to send the oil price higher. Also, the domestic story is very constructive for...

The House of Commons went back to business this week and the first thing on the agenda for 2019 was the debate and vote on PM Theresa May’s Brexit deal, which began on Wednesday. The vote is due...

Market movers today The main economic release today is the US core inflation number. We estimate the CPI core index rose +0.2% m/m in December, implying an unchanged core inflation rate at 2.2%...

Central banks getting nervous? Expect December inflation sub-Riksbank, with a downside risk Profit taken in short EUR/SEK - neutral ahead of CPI week Trades New; Receive FRA-SEP19 @ 1.5bp (P/L:...