Danske Markets

Next week a lot of important Swedish data is due to come to the market, including PMI. We expect to see a gradual improvement in PMI data towards the 50 area over the spring. At the same time, with...

The South African central bank (SARB) announced that the Monetary Policy Committee (MPC) decided at Thursday's MPC meeting to leave the key policy rate unchanged at 5.00%. Such a decision was broadly...

Japanese stocks are higher and the yen weaker after low CPI.Asian markets are generally showing gains - China underperforms.Danish central bank hikes by 10bp following interventions to support the...

Market movers aheadWe expect the US to be back in the spotlight in the coming week with the Fed meeting, ISM and employment report. We look for decent job growth but a decline in the ISM. We expect...

First ½ position was opened at 1.195% on 10 January. The original strategy was to add risk at 1.40%. As the normalisation process is coming faster than expected, we will not add risk at 1.40%...

We look for 2013 to be a year of two halves: H1 is set for a decent performance fuelled by a rebound in activity globally led by China and the U.S. and a weaker USD due to continued Fed easing.The...

Ifo expectations continue to increase sharply and is signaling that German growth is gaining speed to around 2% annualised. Ifo expectations have improved this quickly only twice before -- in 2002...

Jitters return to EMEA marketsAfter some relatively calm months in the EMEA markets, this week we have seen some jitters return with the zloty and the forint losing ground while the South African rand...

Bank of Japan (BoJ) as expected today raised its inflation target from 1% to 2% and also made its asset purchase programme open ended, meaning there is no specific termination date. BoJ announced that...

China's HSBC manufacturing PMI in January improved to 51.9 from 51.5 and is now at the highest level since January 2011. New orders declined marginally to 52.7, while export orders jumped above 50....

Today's flash PMIs reveal a divided Europe, with Germany heading for stronger growth while the recession appears to be deepening in France. The disappointing French PMIs could partly reflect the...

China flash HSBC PMI rose in January, confirming a pickup in economic activity.The US House passed a bill that suspends the debt ceiling until summer.Focus is on global flash PMIs and earnings results...

The January budget deal averted the immediate economic catastrophe but key parts of the fiscal cliff remain unresolved. Negotiations have been complicated by the fact that the US will run out of...

S&P500 at highest level since December 2007.Asian markets are generally lower - Japan still underperforms in the wake of the Bank of Japan meeting.UK PM Cameron expected to promise vote on EU...

On 30 January, the banks will get their first opportunity to repay the EUR489bn borrowed in the 3Y LTRO in December 2011. The second LTRO, amounting to EUR521bn, can be repaid from 27 February. As a...

Markets Overnight This morning Bank of Japan (BoJ) announced that it will set a 2% inflation target and that it will shift to Fed-style open-ended asset purchases in 2014. The bank will buy about...