Danske Markets

Key newsMarkets continue in risk-off mode with strong declines in equities, bond yields and oil prices.Spanish and Italian bond yields rise sharply and stocks in both countries plunge.Rick Santorum...

Key NewsEquity markets and bond yields lower on weak US job data.Chinese CPI higher than expected at 3.6% (consensus 3.4%). China trade balance turns to surplus again.Oil price at one-month low on...

Key NewsChinese PMI manufacturing released on Sunday improved unexpectedly from 51.0 to 53.1 while the Japanese Tankan data released this morning surprised on the downside.Today’s key releases...

It is, in our view, 100 percent certain that the ECB will keep interest rates unchanged at this month’s Governing Council meeting (keep in mind though that events with a zero percent possibility...

The latest IMM data cover the week from 6-13 March.Investors remain long the dollar: While net dollar positions were close to unchanged, there was a significant re-allocation in USD  positions...

Key newsS&P500 gains as rising oil price supports the energy sector.Chinese home prices declined in February as the government programme to curb home prices continues.Italy’s Prime Minister...

Close short EUR receiver swaption 6M 10Y (exp. 4 July) at 99 ticks, profit 81ticks Close position to pay 2Y 1Y fwd US swaps at 0.935%, profit ½*20bpClose half position to pay 5Y5Y US-EUR...

We take a look at allocations in a Swedish bond portfolio and recommend overweighting longer covered bonds, thus going further out on the curve.  Short covered bonds have performed well since the...

Global risk sentiment has turned decisively more positive since December. In our view, this is clearly a result of the ECB’s much more accommodative stance on 8 December with, among other...

Eurozone forecastGrowth and inflationThe economic data are consistent with a recent stabilisation of the economic growth in the eurozone, albeit at low levels. Q4 data confirmed our expectation of a...

Key newsUS bond markets continued the sell-off  as markets are scaling back expectations of further QE.The first Fed funds rate hike is now fully priced in February 2014.We expect the SNB to...

Key newsAs expected, last night’s FOMC statement stroke an upbeat tone while keeping the policy outlook unchanged.US banking sector stress test results were broadly positive.The strong rally in...