Danske Markets

Pay 2Y-5Y-10Y EUR Fly, 6M Forward (pay belly, receive wings) Open ½ position @ -23bp with an option to open next ½ position @ -32bpPotential target @ 0bp, stop @ -42bp, indicative...

Decent US job report pushes equity markets higher.Next test for markets is this week's US retail sales.Chinese data disappoint, inflation higher.Weaker JPY lifts Japanese stocks despite weak machine...

We see a risk of frontloaded rate hikes. In the week to come, inflation and unemployment data for February may lend further support to this view. Our forecast for CPIF inflation for the next six...

U.S. equity markets closed with small gains - 10-Yyear treasury yield is back above 2%.Asian bourses are generally higher led by strong gains in Japan.USD/JPY is above 95 and EUR/USD has traded around...

The ECB has kept all rates unchanged. The Governing Council had a discussion on cutting rates but the consensus was not to. The overall message from Mario Draghi seems to be that as long as the...

NBP Cuts More Than Expected -- But Still Too HawkishThis week the Polish central bank (NBP) surprised investors (and analysts) by cutting its key policy rate by 50bp to 3.25%, rather than the 25bp...

As expected, the Bank of Japan (BoJ) did not announce any additional easing in connection with today's monetary meeting. This was the last meeting for governor Masaaki Shirakawa and his two deputy...

The GBP/USD currently looks oversold by all measures, and we suggest entering a 2W GBP/USD 1:2 ratio call spread to position for a possible near-term correction higher. We doubt that we will see a...

The uncertainty following the Italian election and the downbeat PMI figures in February have increased speculation that the ECB may decide to cut interest rates on Thursday, or at one of the following...

Will Thursday’s ECB meeting extend or halt the recent EUR slide? We think near-term risks remain skewed on the downside for EUR/USD, as no rate cuts are likely to be delivered this month, albeit...

US economy continues to show signs of improvement.Asian equity markets are mixed to lower overnight following small gains in the US.BoJ keeps policy unchanged as leadership is about to change.All...

Rate cut discussions have flared up again A combination of mixed European growth data, slowing inflation and renewed political uncertainty in Italy has fuelled speculation that the ECB will cut its...

We expect the Bank of England (BoE) to remain on hold at Thursday's Monetary Policy Committee (MPC) meeting (13:00 CET).Since the February minutes revealed three members voting for an additional...

In many respects, Swedish macro data has turned out better than expected. The experience over the past year or so is that both unemployment and employment have gradually increased. It is possible...

Dow Jones reaches new all-time high on more strong US dataAustralian GDP stronger than expected in Q4Focus turns to ECB meeting tomorrowMarkets overnight Risk sentiment yesterday made a push higher...

Details Global PMI new orders fell slightly from January to February from 51.8 to 51.5. We expect global new orders to remain at this level for some time. In the US, Manufacturing ISM did better than...