Danske Markets

Market movers today In the euro area, the ECB minutes from the December meeting are due out. See page 2. In the US, several speeches by FOMC members are expected, including Fed Chair Jerome Powell and...

Market movers today In the US, the minutes from the December FOMC meeting are due out, where we will look for differences in the FOMC members' views on the economy and markets, especially after...

Activity data have been weak across the board and December PMIs still painted a lacklustre picture of the euro area economy. Particularly service sector activity took a marked hit from the Yellow Vest...

The ECB's outlook has been taken a beating recently from a moderation in both euro-area growth indicators and the spill over from global indicators. Consequently, markets have repriced the ECB to...

We entered a short position in EUR/SEK in anticipation of the December Riksbank hike, which did indeed materialise. Following this we have seen the cross trending lower, and at the time of writing...

The front-end of the EUR/SEK volatility curve has increased as the risk of a snap election is rising. Event risk priced on the Swedish October CPI print (on Wednesday) has increased and looks...

Market movers today It is a relatively quiet day on the data release front and hence market attention will be on political signals, notably from the trade talks between the US and China and the Brexit...

Implied NOK vols trade lower on the back of Friday's relief rally on risk. As argued in Reading the Markets Norway , we maintain a bullish view on the NOK. In FX options we like to pursue this view...

This monthly publication is intended to give readers a short, concise update on current global macro and market themes as well as the latest business cycle signals. Global growth fears have...

Market movers today With a relatively light data calendar, a key focus point today will be the start of US and Chinese officials' mid-level trade talks in Beijing. These talks will probably pave the...

The ECB published the final numbers of the APP programme, thereby concluding the net asset purchase programme. The QE figures for December showed the PSPP rose as expected to a 90% share of total PSPP...

In 2018, the usual turn effect disappeared earlier than in previous years.Apart from expectations of a Riksbank rate hike, this appears driven by cheapening of USD liquidity in FX forwards. The rate...

China outlook Our view. Still more weakness in the short term but moderate recovery from Q2 19. Leading indicators paint a mixed picture #1: Home sales to see lift from lower yields. #2: Commodity...

Market movers todayFocus to remain on risk sentiment after sharp moves in equities and currencies overnight. Today's main calendar events are US ISM manufacturing and the Norwegian unemployment...

Market movers today From all of us at Danske Bank research, we wish you a happy and prosperous new year. Today is rather slow in terms of economic releases while we wait for key economic indicators on...

Market movers today From all of us at Danske Research, we would like to wish everybody a merry Christmas and a happy new year. Note that there will be no Danske Daily between Christmas and New Year's...