Danske Markets

There is increasing pressure on the Riksbank following the ECB cut. October inflation is set to undershoot the Riksbank's forecast. From floating to fixed: removing the refinancing risk in the...

Central banks undershoot their targets Inflation in most CEE countries, especially Poland, Hungary and the Czech Republic, is moving closer to deflation. Given that supply side inflationary pressures...

FX Market Update provides a quantitative overview of the currency market, including several valuation tools and monitors. Looking at the signals from our short-term financial models, we currently...

Headlines: Stability in credit spreads continues. New issuance activity edges higher. Government proposal eliminates refinancing risk for Danish ARM bonds. Market commentary Spreads are marginally...

The Wendy's Company, (WEN), showed up in my weekend work as a stock that could take off to the tune of a 5-10% move in a short period. From the chart below the blue resistance line was being tested...

We expect ECB to refrain from cutting rates in connection with today's meeting but instead signal a rate cut in December, see ECB Preview: Inflation top of the agenda, 5 November. Inflation is ECB's...

Euroarea periphery countries have shown great improvement in sentiment during 201,3 and in line with that sovereign spreads have tightened. Even though the pace of progress has lost a bit of momentum...

Time for real rate bond auction again. This time it is the bond SGBi3108, 2022-06-01, that will be tapped by SEK1bn. Since the last auction in early October, the real bond curve has flattened...

We expect global growth to be broadly flat in Q4 around trend growth with more or less unchanged momentum in all regions. In 2014, we look for the global economy to gain strength as the US and Europe...

In the euroarea focus today is retail sales and final service PMI. Although we expect retail sales to have declined in September, the underlying picture for Q3 remains relatively strong. Regarding the...

Today, the Swedish newspaper Svenska Dagbladet published yet another article (in Swedish) on the theme that the krona is too strong, which hurts the Swedish export industry and therefore the Riksbank...

Global PMIs and leading indicators point to a continued recovery led by Europe and China, whereas US signals have weakened slightly recently. We look for the global recovery to continue at the...

At the ECB meeting the most important topic will be inflation, which is much lower than the ECB's 2% target. Mario Draghi is likely to be dovish and signal that he will act to ensure that medium-term...

Market movers today ECB president Mario Draghi will speak at 14:30 in Frankfurt. Look for any comments on the low inflation print for October and scope for lower rates. He may not say much, though,...

The position to receive USD 5Y5Y (against Libor 3M) and pay EUR 5Y5Y (against EURIBOR 6M) was established on 19 July at 138bp. We closed the position late on Friday at 123bp as we reached our revised...

Starting on Monday, 4 November (depending on market conditions) Stadshypotek will start introducing a new 5Y loan (SE0005498300) maturing on 19 December 2018. The coupon rate is set to 3%. As the new...