Danske Markets

Market movers today Today's data calendar is relatively light with focus likely to stay on US data. In line with consensus expectations, we expect University of Michigan consumer confidence to have...

It now looks like China will be able to get past June without a repeat of last year's money market stress and hence a major hurdle for a recovery in H2 appears to have been cleared. Our credit risk...

The Riksbank should align with the market, not the other way around. New SNDO forecast next week We modify our portfolio recommendations. We reduce our long position duration wise once again, and...

The latest easing measures from the ECB have sparked some action in the Southern European fixed income markets, but the spill-over to Central and Eastern Europe has so far been very limited. Hence, we...

In the US we expect growth in retail sales to have remained relatively subdued in May as less boost from weather-related pent-up demand probably continued to weigh a bit. Our forecast is below...

The projected world Wheat supply was revised up in the June WASDE report as higher production is now expected in Europe and China. Higher projected European corn production means that the projected...

Last auction before the summer break: the last chance to pick up a sizeable amount of long-dated linkers.There are some tentative signs of inflation in the US. If this is the case, it could very well...

Currently, our short-term financial model indicates that the NOK/SEK is very overbought, trading more than 2.4 standard deviations above the model's fair value estimate of 1.098 (pages 3 and 7). On...

Summary and Outlook• Global indicators confirm the re-acceleration in global growth after a weak start to the year. In the US, strong ISM figures as well as the further improved OECD leading...

Pay 15Y15Y swap (vs. EUR6M). Scale in with ½ entry @ 2.745% and the possibility of adding another ½ below 2.60% Target 3.50%, Stop 2.30%, 6M roll +2.5bp, 1Y roll +5bpRoom for higher...

Today's data calendar is very light. The main focus will probably be the April labour market report in the UK. Employment growth has been very strong in recent months and we expect another drop in the...

As the Fed continues to move closer towards its goals of full employment and 2% inflation, the discussion will increasingly focus on the timing of the first rate hike. We believe that this is going to...

The latest IMM data covers the week from 27 May to 3 June 2014. IMM positioning data released on Friday revealed a further build in expectations of monetary easing ahead of the ECB meeting last...

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...

Outside Scandinavia we have a relatively light calendar today. In the euro area both France and Italy will release industrial production (IP) for April, which will give us some idea of the performance...

We see two ways the ECB message from Thursday could affect the Riksbank. First, the Riksbank's euro area inflation forecast needs to be lowered and that feeds into the Swedish inflation projection....