Danske Markets

Key newsThe ECB appears to consider setting limits on sovereign yields by pledging unlimited bond purchases.German politicians warn Greece to stay on the reform path and not to expect a third rescue...

This week, the scorecard recommends buying AUD, CAD and JPY while selling EUR, NOK and NZD.• Again this week, the scorecard favours the Australian dollar due to the recent rise in relative rates...

Key newsAngela Merkel backs Draghi’s conditionality for ECB aid and says that she is aligned with Draghi’s readiness “to do whatever it takes to preserve the euro.”The China...

Key newsTreasuries trim hopes of near-term Fed easing, supporting USD in turn.Beijing hints at further monetary stimulus ahead, lifting Asian equities.Main data releases today are UK retail sales, US...

Key newsGreece will seek an extension on the implementation of its latest austerity programmeUS stocks ended lower, giving up early gains following strong retail sales10-year Treasury yields have...

Key newsSummer calm continues in the markets with little market action overnight.Volatility in the financial markets continues to decline and is now close to multi-year lows.Minutes from Bank of...

Key newsThe positive sentiment in the markets seems to be intact but both the US and Asian stock markets have been more or less flat.Republican presidential candidate Mitt Romney has picked fiscally...

Key NewsGlobal equities continue to rally on eurozone optimism.Short-dated Spanish and Italian bonds continue to perform strongly.Bernanke argues that economic indicators might paint too rosy a...

Key newsRisk appetite returns after the initial disappointment over the ECB meeting as investors now conclude that ECB action will occur, the timing is just unknown.Slightly stronger labour market...

Key NewsMarkets react with disappointment after Draghi fails to deliver immediate actionFocus on US data today – will the stalling jobs data force Bernanke into QE3?Markets OvernightThe main...

Key newsFed stays on hold but strengthens the easing bias.Market reacted slightly disappointed after Fed’s announcement and US stock markets closed with losses.Focus today on ECB meeting. It...

Key newsVery limited action overnight as markets await Fed and ECB meetingsStocks in Asia showing small gains on earnings – except China that still trades weakJapanese PMI drops further in...

Key newsStrong Friday close and risk markets continue to rise ahead of the ECB meetingAlready high ECB expectations were built further after a Bloomberg story that ECBpresident Draghi is trying to...

Markets OvernightThe past two days have marked a significant shift in rhetoric from ECB members: on Wednesday, Nowotny made the case for granting ESM a banking license, and Thursday, Draghi said that...

Markets OvernightOn the back of the dismal European data released so far this week which notably yesterday showed the German Ifo at its lowest level in almost three years in July (see Flash: Germany...

Markets overnightNegative sentiment in Europe deteriorated further yesterday and carried over to US equities. A poor US PMI release and weak Richmond Fed manufacturing data pointed to downside risks...