Danske Markets

Key newsBoE stayed on hold......Fed Chairman Bernanke did not promise too much......but, China took the lead on easing monetary policy and surprised with a 25bp rate cutUS stocks closed broadly...

Key newsECB left policy unchanged, but our economists still look for a summer responsePositive sentiment remains intact – US stocks closed with large gainsEUR/USD is back above 1.2550 –...

Key news :US stocks closed higher – Asian markets are generally showing strong gainsSurprisingly strong Q1 Australian GDP report lifts AUDSpain's budget minister takes headlines –...

Some calm seems to have returned to global markets overnight with moderate gains in both US and Asian stocks markets. However, there is certainly no feeling that things have fundamentally improved and...

The  May employment report was  overall disappointing with weakness in job growth across a broad range of sectors. While some of the current weakness can be explained by a payback from the...

Key newsSentiment continues to deteriorate in Euroland and US equity markets decline as a response to weaker-than-expected US data and the escalation of the euro crisis. Asian equity markets follow...

UK economy not resilient to eurozone turmoilBritish manufacturing activity in May fell at its fastest pace since November 2008. The PMI index fell to 45.9, from a downward revised 50.2 in April. This...

Russian rouble lost 10% in May. Eurozone woes and cheapening oil are pushing down the rouble. Greek election expectations will add volatility.Assessment and outlookDespite strong macro data for Q1 12...

Expect softer tone from the NBPThe outcome of next week’s Monetary Policy Council (RPP) of the Polish central bank (NBP) should not catch us by surprise unlike last time when it unexpectedly...

Key newsThe increasingly dire Spanish situation is affecting global risk sentiment.The sell-off in the global stock markets continues with both US and Asian stock markets following the sell-off in the...

In May the list of manufacturing surveys grew longer, as we saw the release of the first manufacturing PMI survey from Markit Economics.    We continue to favour the ISM over the Markit...

Rouble outlook: Russian macro fundamentals remained strong in Q1 12 and the political situation looks clear with the new old president and the brand new government. However, the global outlook seems...

International OutlookThe economic outlook for the eurozone has worsened and the euro crisis has escalated. Our economists now anticipate that the ECB will lower the refi rate by 25bp (see link) and...

Key NewsUS markets were closed yesterday but most Asian equity markets gained on the back of speculation that China will ease fiscal policy in order to stimulate growth and despite the problems in the...

This week, the scorecard recommends buying CHF, JPY and EUR while selling AUD, NZD and CAD (see suggested weights in portfolio in table below).  Not surprisingly, the EUR and the CHF exhibit the...

Markets OvernightSix Greek polls released over the weekend show that the Greek conservative party, New Democracy, is leading the race to become the biggest party ahead of the left wing party Syriza....