Danske Markets

This week the scorecard recommends buying NOK, CAD, USD while selling CHF, JPY, SEK.All input factors currently favour a long NOK position, and the scorecard recommends buying NOK this week. The long...

Market movers todayECB's Asmussen speaks about Europe's fundamentals this morning. Otherwise, the calendar is very thin.The U.S. and U.K. markets are closed; liquidity will probably be lower than...

Market movers todayGerman IFO expectations are projected to grind slightly higher in line with this month's ZEW and PMI releases. The prospect for increases is somewhat limited however, as IFO...

Market Movers aheadEurozone core inflation was probably low again in May, although that will hardly cause the ECB to cut rates.We estimate that U.S. consumer confidence is heading higher, and this...

The sell-off has continued in European trading with European stocks trading sharply lower; the yen and Swiss franc are stronger and emerging markets are generally under selling pressure. Five overall...

We have finally made up our minds about Q1 GDP - 0.7% y/y is the figure we expect. If correct, pressure on the Riksbank will increase further.Low rates for an extended period of time - good or bad?We...

EMEA FX: Chinese weakness and monetary policy uncertainty triggers sell-offThis morning, risky assets have been selling off - most notably the Japanese stock market is down more than 7%. The sell-off...

This Fact Book on Germany gives a brief overview of the main aspects of the German economy. The Fact Book can be used as a quick reference point for key ratios, etc. It includes many informative...

Market movers todayEuro-area flash PMIs are expected to improve but to remain in recessionary territory. In April, the final euro-area PMIs showed upward revisions pointing to improvement during the...

The HSBC manufacturing PMI in May dropped below 50, and the details suggest continued weakness in the short run. The May weakness appears to have been driven increasingly by domestic demand. On a...

The latest comments from key members of the FOMC, combined with a hawkish twist in this evening’s FOMC minutes, suggest that a scaling-down of asset purchases is moving closer. We have so far...

The 2s10s curve (both government bonds and swaps) has steepened by some 30bp in the past month and is now trading not far from range highs. The current pricing in the Riksbank is a cut of about 17bp...

This Fact Book on France gives a brief overview of the main aspects of the French economy. The Fact Book can be used as a quick reference point for key ratios, etc. It includes many informative charts...

The labour force participation rate has declined rapidly over recent years. Our analysis shows that only part of the decline is caused by cyclical factors.Even if participation rates return to normal...

Market movers todayFOMC Minutes. It will be interesting to see how worried FOMC members were about the softness in economic data received up to the meeting. Discussions (if any) about the timing of...

There were no major surprises in connection with today's Bank of Japan (BoJ) meeting and the market impact should be neutral. The expansion of the monetary base (now the main policy instrument) was...