Danske Markets

Cyprus has negotiated a rescue package - on unprecedented terms.Most controversial is a hair-cut on deposits, also on accounts smaller than EUR100k.EUR is weaker, Asian stock markets are down and safe...

New research from Danske Bank MarketsThe EU/IMF rescue package for Cyprus is complemented by a levy on all deposits in Cypriot banks. This is a new target for private sector involvement. Cyprus is...

The krona is not a restriction for Riksbank rate hikes unless it embarks on a relatively fast appreciation.Labour market data (so far) has behaved better than feared, both by us and the Riksbank.Long...

Market sentiment remains positive driven by strong U.S. data.Kuroda approved as Bank of Japan governor. Dovish Iwata approved as deputy governor.Focus today will be on the EU summit, Eurogroup finance...

Commodities currently appear to be torn between strong U.S. figures and the resulting stronger USD. We think an oil rebound is around the corner as the cyclical outlook improves and EUR/USD bounce...

Weak Polish Numbers Ahead, Hopefully NBP Will Take HeedThe Polish economy has been slowing and next week's macroeconomic numbers are likely to confirm this. Wage data for February will be released on...

Strong US retail sales suggest that consumers have ignored recent tax hikes so far. USD stronger but overall limited market reaction.Norges Bank is expected to remain on hold and signal unchanged...

The Debt Office will tap the 10Y real rate bond SGBi3108 at tomorrow's auction. This will be the first auction with the larger volume of SEK1bn. We don't see any problem selling the bonds in the...

Slightly negative risk sentiment this morning without major market-moving news.Possible rejection of Iwata as Bank of Japan deputy governor strengthens JPY.Walmart says it sees no signs that payroll...

Stocks and bond yields continue higher on very little news.Markets await US retail sales tomorrow.Chinese stocks lead Asia lower.US senate bill seeks to avert government shutdown.Markets Overnight US...

The latest IMM data is for the week of February 19 - 26 Investors continue to buy the dollar. The dollar has strengthened since early February, with the DXY dollar index up more than 4% in an odd...

This week, the scorecard recommends buying JPY, AUD, SEK while selling EUR, GBP, CADLast week's JPY sell-off seems overdone according to the model and the scorecard recommends a long JPY position this...

The data for January and February released during the weekend was on balance weaker than expected and suggests recovery so far has gained little momentum in 2013. Industrial production disappointed...

Close 5Y/15Y/30Y EUR fly, 10Y tails (½ position) with a profit of 12bpOn 11 January a ½ position was opened @ - 15.5bpIncluding roll down the position has been closed @ -3.5bpLong-end...

While job growth surprised on the upside in February, the overall trend is broadly unchanged, with gains slightly below 200k per month. Other indicators point to a clearer pickup in job growth in...

In a week during which the ECB held rates steady, so, too, did commodity prices -- at least until the U.S. came out with a strong employment report. Brent oil has for the most part trading in a...