Danske Markets

Today is PMI day with both the euro area and the US releasing Flash PMI for May. In the euro area we look for a further small increase as the recovery gradually strengthens. Yesterday euro consumer...

Only tier-2 data on the global agenda today. UK retail sales are expected to have strengthened again in April after soft spending in March. UK consumption is supported by strong job growth and robust...

• The position was established on 11 February 2014, see link • On 9 April 2014 more risk was added to the position, see link • On average we book a minor profit of 3bp on the entire...

Not much on the global agenda today. UK CPI is expected to rise to 1.7% y/y from 1.6% y/y, which would mark the first increase in more than a year. UK inflation has trended lower since last summer,...

Euro inflation increased to 0.7% in April. Hence, it has stayed far below the ECB's target. Inflation undershot the ECB's projection and we expect it to lower its forecast in June. Governor Draghi...

After several weeks of relatively stable non-commercial EUR positioning, IMM data released on Friday revealed the largest single week bearish build in the single currency since July 2013. The move was...

This week the scorecard recommends buying the NOK, USD and AUD, while selling the SEK, EUR and CAD. Last week's sell-off in the NOK seems overdone according to the model and thus the Scorecard...

In terms of data releases, we have a very light calendar today. Instead, focus will continue to be on comments from ECB board members Weidmann, Mersch and Coeure. All of them have talked following the...

Starting on Monday, 19 May (depending on market conditions), SCBC will start to introduce a new 5Y loan (SE0005468030) maturing on 18 September 2019. The coupon rate is set at 4%. SCBC plans to limit...

Market movers today Today's data calendar is rather thin. In the US, the main focus will be on the release of housing starts and building permits for May as well as the release of the University of...

Mario Draghi's 'promise' of further ECB easing in June could very well be the turning point for the euro and in general we have pencilled in more euro weakness to our FX forecast as it now appears...

The Fed is due to release minutes from the FOMC meeting of 29-30 April and Chairwoman Janet Yellen will speak at the New York University on the same day. Preliminary May figures for the PMIs in the...

Review The ECB did not deliver any further easing measures at the April meeting but Draghi more or less pre-committed to act in June, although the decision depends on the outcome of the new macro...

In its new Oil Market Report, IEA projects a fairly balanced oil market this year - however, we see uncertainties which could shift it in either direction. If Libya and Iran fully return to the...

We forecast a growth rate of 0.4% in the euro area in Q1. If this proves right, it will be the fourth consecutive quarter of positive growth and the strongest quarterly growth rate in three years. Our...

At the moment the money market is calm and out of stress. In the past month money market rates have continued to edge lower and are now back at levels from before the money market stress started in...