Danske Markets

The past week markets continued to be hit by a double whammy of the Emerging Markets (EM) crisis and higher oil prices on the back of the prospect of US military intervention in Syria. Coming on top...

The Finnish government yesterday (29 August) announced its budget for 2014. The budget did not contain any surprises as it was heavily based on the agreement made by the six-party coalition in March....

Risk appetite continues to be driven by developments in emerging markets and the conflict in Syria. Focus will be on any new signals regarding a military response in Syria. We look for euro...

Once again we are heading for a budget battle in the US Congress. The current budget resolution runs out on October 1 and the Treasury Secretary stated this week that the debt ceiling is likely to...

We don't expect any major forecast changes from the Riksbank this time around and July GDP projections are relatively optimistic. On the other hand, labour market conditions seem to improving more...

Tough week for emerging markets This has been a hard week for emerging markets as Fed tapering concerns and fears over an early US-led military strike on Syria sparked risk aversion, sending some of...

The most likely outcome of the federal election on 22 September is that Angela Merkel (CDU) will continue as Chancellor.Opinion polls give CDU/CSU and the junior coalition partner FDP a slim majority...

Market movers today The situation in Syria as well as the crisis in the emerging markets continue to be the main focus. German unemployment is expected to decline 5k in August following a decline of...

In the past week, we have seen a significant sell-off in emerging market currencies and yesterday the Turkish lira took a beating, reaching a record low against the US dollar. The Turkish central bank...

Trade 1: Buy 6M2Y ATM USD3M payer, sell 6M5Y ATM USD3M payer - Delta neutral ratio, so buy 2.4 6M2Y payer per sold 6M5Y payer - Premium to be received 58ticks, position is net short VOL at entry -...

On Thursday the National Debt Office will tap SEK1bn of the SGBi3108 bond (2022-06- 01) in the first linker auction since the summer break; the last one was in middle of May. We have seen a...

Tuesday's Market MoversGerman Ifo (10:00 CET) is expected to show a further increase from 106.2 to 106.7 (consensus 106.9), mirroring the improvement we saw in German Flash PMI. This should confirm...

This week the scorecard recommends buying GBP, AUD, JPY while selling CHF, EUR, CAD. All input factors with the exception of FX score favour a long GBP position this week. Notably, the technical...

Credit expansion in July improved slightly as stronger growth in new loans from banks offset continued weakness in credit growth from non-bank sources. That said, total credit growth has slowed in...

Today we launch our new publication the Big Picture which will replace Global Scenarios. It presents our view of the global economy and outlook for US, euro area, Japan and China. Our main message is...