Danske Markets

Key newsMixed economic data left US markets with modest gains – Dow closed above 13,000Markets are up in Asia overnight – with only China lowerIreland to hold referendum on the eurozone...

Key newsMixed economic data left US markets with modest gains – Dow closed above 13,000Markets are up in Asia overnight – with only China lowerIreland to hold referendum on the eurozone...

The latest IMM data covers the week from February 14 to February 21.Investors remain very short EUR: The EUR rallied as the market was relieved that Greece was able to secure a second bailout package,...

Key newsS&P declares Greece in selective default. The move was expected and should have little market impact.Oil prices finally retreat; high prices are expected to depress demand.Markets...

Markets overnightThe main event over the weekend  was the G20 meeting in Mexico. However, for the eurozone  countries, the meeting turned out to be somewhat of a  disappointment, as,...

Dovish BoE, Norges Bank on hold, oil and positive risk sentiment  Our view in mid-January was that the Bank of England would maintain its dovish stance, that Norges Bank wouldn’t signal...

We list a number of arguments favouring either a small or a large take-up at thesecond three-year LTRO on 29 FebruaryWe conclude that the allotted amount is likely to be between EUR300bn andEUR600bn.A...

The last Monetary Council meeting at the Hungarian central bank (MNB) brought a bit of a surprise when the majority of council members voted to keep rates unchanged rather than to hike them, which had...

Key newsStock markets  up  on stronger data.  Oil price pushes higher again to USD124 per barrel.ECB president Mario Draghi sees no scope for easing deficit targets.US 10-year yield...

Dovish MinutesThe  Bank of England  Minutes from the 9 February meeting on monetary policy was somewhat more dovish than the market had  anticipated.  Our expectation was that the...

Key newsStock markets and bond yields lower on slightly softer European PMI and a cautious view on Greece.Oil prices continued to rise to a nine-month high.Germany fights increase of EU bailout fund,...

Ireland grew in 2011 after three years of recession. Looking forward, we project that the Irish economy will grow a modest 0.7% in 2012 and around 1.6% in 2013. We expect inflation to remain subdued...

The flash estimate for the HSBC manufacturing PMI in February improved from 48.8 to 49.7. This is the third month in a row with a slight improvement, but the details were relatively weak with new...

Key newsChinese HSBC manufacturing PMI improved slightly for the third month in a rowTalks between Iran and IEAE have failed to ease tensions as Iran has denied IEAE access to a suspected...

New measures to bring debt down to 120.5% of GDP in 2020After 13 hours of negotiations, the Eurogroup finally reached a deal on a second rescue package for Greece. During the night, measures were...