Danske Markets

EUR/SEK trading at elevated levels• Quality justifies stronger SEKAs we have argued previously (see Quality justifies SEK strength) Sweden’s stable AAA sovereign debt rating increasingly...

We have revised our outlook for Finland to reflect better-than-expected Q4 11 figures and improved confidence indicators: GDP is now forecast to shrink 0.2% in 2012. The fall emanates mainly from...

The Bank of Japan (BoJ) as expected left its leading interest rate and the size of its quantitative easing programme unchanged in connection with today’s monetary meeting. It did increase the...

Key newsPositive sentiment in the equity markets ahead of German confidence indicator and US retail salesIn Scandinavia focus on Swedish inflation dataThe big event is the FOMC meeting tonightMarkets...

We do not expect Bank of Japan (BoJ) to announce additional QE in connection with tomorrow’s early morning monetary meeting. Recent economic data have been better than expected and if anything,...

The latest IMM data covers the week from 28 February to 6 March.JPY positioning not yet stretched: The JPY sell-off paused during the week covered by the IMM data but gained momentum again following...

This week, the scorecard recommends buying NOK, SEK and AUD while sellingUSD, NZD and JPY(see suggested weights in portfolio in table below).  The Scandies suffered against all other G10...

Key newsISDA has given its verdict on the Greek debt swap and has determined it is a credit event and CDS contracts will be triggered. The IMF will contribute EUR18bn to the second Greek bailout...

February’s employment report was overall  positive with a gain in non-farm payrolls of 227K in February and net revisions to January and December added another 61K. The unemployment rate...

GlobalWe are due to see quite a few interesting data releases for the US economy next week. The second FOMC meeting of 2012 takes place on Tuesday. It will not be followed by a press conference, so we...

The collapse and  ensuing rebound in economic data caused by the 2008/09 financial crisis seems to have  affected the seasonal adjustment of two key US data series – the ISM...

Key newsMarket sentiment continued to improve as it became clear that the support for the PSI would be sufficient for Athens to proceed with the debt swap.S&P increased 1.0% and Asian equity...

The  ECB kept the leading interest rate unchanged at 1% as  widely  expected.  We continue to expect the ECB to keep the refinancing rate unchanged until Q1 14. The chance of more...

The main index event this month will be next week’s introduction of SGB1056, the new 20Y bond, as the ordinary rebalancing that occurs at close on Friday 9 March will comprise only minor index...