Danske Markets

We have seen a significant weakening of sterling this year and only the Japanese yen has performed weaker against the euro and the US dollar. GBP has lost 2.5% against USD and 5.60% against EUR. We...

China's manufacturing PMIs in January were mixed but on balance still suggest growth is accelerating moderately and GDP growth could be close to 9% q/q AR in Q1. The NBS manufacturing PMI in January...

PMI confirms Chinese recovery.Risk appetite up in Asia this morning. EUR/USD continues higher.US stock markets finish best January since 1997.Focus today on ISM and non-farm payrolls.Markets Overnight...

Weak Polish economy dictates more rate cutsEarlier this week Polish central bank governor Marek Belka said that the Polish central bank could intervene to stabilise the zloty. We find the comments...

On Thursday the first Index-Linked auction will be held this year. SEK750m will be offered in the SGBi3108, 2022-06-01. Swedish BEI rates have continued upwards in the new year. Since the beginning of...

What stands out Looking at the signals from our short-term financial models, we currently observe several misalignments between spot levels and model estimates. Most misalignments are related to the...

FOMC statement shows no change in asset purchases or rate guidance.Jens Weidmann criticises current euro crisis framework.Reserve Bank of New Zealand keeps rates unchanged.Markets Overnight The FOMC...

US stocks continue strong performance despite weak US consumer confidence.Asian stocks rise on strong Korean production and positive sentiment.All eyes on the Fed today. We expect a continued soft...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds.To Read the Entire Report Please Click on...

One factor we have discussed in our strategic view of the Swedish bond market is related to the government’s decision late last year to raise the target for the total amount of bonds (currently...

The recommendation to receive a ½ position in EUR3Y1Y has triggered the stop at 1.55%. The position was entered at 1.195% and has rolled down 1.5bp. Including the roll down we book a loss of...

Moody's downgrades six Canadian banks but investor confidence remains intact.Mario Draghi was in Italy yesterday to discuss supervision of Montei dei Paschi.The yen rose overnight on profit taking but...

Today the EFTA court ruled in Iceland’s favour in the so-called Icesave case. This very good news for the Icelandic economy and markets. Iceland wonAfter a long drawn-out political and legal...

The latest IMM data covers the week from 15 January to 22 January. • Higher EONIA rates and tighter peripheral spread: The latest IMM data covers a week where EONIA rates moved significantly...

After the plunge in long-term interest rates in mid-2012, Denmark and the Netherlands introduced Solvency II (S2)-type discount curves for their insurance companies and pension funds, resulting in...

This week, the scorecard recommends buying EUR, JPY, NZD while selling GBP, CAD, CHF.Despite last week's rise in EUR/USD, the scorecard recommends buying EUR this week. In particular, the increase in...