Danske Markets

Implied volatility has bounced back from Friday's low levels amid deteriorating risk appetite.Overall, impl. vol trades at neutral/low levels with event risks related to the December central bank...

Market movers today Focus remains on politics. Tomorrow, the US mid-term elections take place, where the most likely outcome seems to be a divided Congress. We do not expect the midterms to have big...

All three candidates to succeed Merkel are more conservativeThere is a risk Merkel will step down as Chancellor prematurely Snap elections are not a given, but remain a possibility in either 2019 or...

The latest IMM data covers the week from 23 October to 30 October 2018.To read the entire report Please click on the pdf File Below..

Trump signals he may be ready for a trade war ceasefire at the Xi-Trump meeting on 1 December.This is positive for markets and the global economy, as it reduces the probability of a very negative...

Market Movers aheadThe US mid-term elections will attract a lot of attention but are unlikely to lead to any changes in economic policy. The FOMC meeting is a small one and we do not expect any policy...

Is there any wage pressure in sight? - a story about relative flattening.Stable housing prices in October - we expect a 0.5% m/m increase in Stockholm flat prices. FX: growth divergence. To read the...

European growth momentum is increasingly showing signs of weakness, as growing headwinds from protectionism and Brexit uncertainties weigh on business confidence. The growth weakness has started to...

Market movers today In the US, we get the job reports for October. We estimate non-farm payrolls rose by 190,000 - tightening the labour market and putting upward pressure on wage growth, thus we...

As expected, the Bank of England voted unanimously to keep the Bank Rate at 0.75%. As it was one of the small meetings without an updated Inflation Report and a press conference and after last month's...

We launch this new monthly publication, which is intended to give readers a concise update on current global macro and market themes as well as the latest business cycle signals.Italian woes continue...

Market movers today In the UK, we do not expect any policy changes at today's Bank of England (BoE) monetary policy meeting. However, attention will be on the accompanying Inflation Report, the...

Chinese PMI released overnight was very weak and points to more slowing in Q4. The official PMI manufacturing decreased to 50.2 (Consensus 50.6) in October, down from 50.8 in September. This is the...

Market movers today Today's main event is the euro area flash HICP. The inflation number is particularly interesting given that euro area growth slowed to a four-year low yesterday and Draghi's...

EUR/DKK continues to hover above the 7.46038 central rate as a host of temporary factors has triggered DKK weakening.We expect Danmarks Nationalbank to favour using FX intervention to cap EUR/DKK...

Market movers today Today's highlight is the advance euro area GDP figure. Quarterly growth rates slowed to 0.4% q/q in H1 18 and we expect to see a similar pace of expansion in Q3 18. We will not...