Danske Markets

ECB keeps rates unchanged but holds the door open for further easing.BoJ's aggressive move has put downward pressure on global bond yields.Focus on U.S. employment report -- we expect job growth above...

The ECB kept all rates unchanged. The Governing Council did discuss rate cuts extensively, but consensus was for the time being not to look at cutting rates. The Council also discussed a variety of...

PMI data in Q1 line with our GDP forecast.Where's the trend in bond yields? We are desperately seeking a more stable trend in the bond/interest rate market. For the moment, we keep our flattening of...

Bank Of Japan Boosts EMEA Markets This morning the Bank of Japan announced unprecedented measures to revive the Japanese economy and to end 15 years of deflation. The action by the Bank of Japan is...

Overall, the March employment report was weak. Job growth is now back to 168k on a three-month average, which is far from the Fed's 'substantial improvement' and talks of scaling down the QE programme...

Market movers aheadU.S. consumers are back in focus.FOMC minutes to give more clues on Fed outlook for QE.Italian politics set to attract attention again, as President Giorgio Napolitano begins...

Summary and outlook Global leading indicators tapered off in March, as PMI for the Euro area fell surprisingly, and the U.S. ISM saw a stronger-than-expected fall. However, the negative contribution...

The uncertain outcome of the Italian election and the recent turbulent Cypriot bailout have moved EUR/DKK further below the central parity 7.46038.The latest FX reserve figures released today indicate...

BoJ introduces aggressive "reflationary" strategy.Focus today on ECB: 25% chance of a refi-rate cut but watch out for non-standard measures to improve credit conditions. BoE to stay put.In the Scandi...

New BoJ governor Kuroda definitely left his mark in connection at Thursday's monetary meeting, at which the BoJ announced easing measures that far exceeded market expectations. The main messages are...

We expect the new Bank of Japan (BoJ) governor, Haruhiko Kuroda, to leave his mark when BoJ on Thursday announces its decision from this week's monetary meeting. Kuroda is expected to signal a strong...

We expect the Bank of England (BoE) to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting (13:00 CET). On an aggregate level, not much has changed in the outlook for the...

Markets calming on easier Cyprus budget terms and decent U.S., Chinese data.Fed speakers reiterating the case for continued Fed balance-sheet expansion.Focus today on Norwegian PMI and jobs data - ADP...

We expect the Governing Council to discuss rate cuts as the recession has deepened across the euro area. We estimate the likelihood of a rate cut is 25%.The main reason for the ECB to hold rates...

Rouble outlook: Russian macro fundamentals continued to weaken in Q1 13, as high inflation weighed on private consumption and tight monetary policy depressed fixed investment growth through extremely...

Latest IMM data covers the week of March 19 to 26.Investors continued to add to EUR shorts during the ongoing Cyprus jitters last week. EUR non-commercial net shorts made up 24% of open interest at...