Danske Markets

• The People’s Bank of China (PBoC)  on Saturday  cut the reserve requirement ratio (RRR) by 50bps for the second time in less than three months. The RRR cut has been expected for...

Key newsGreece detailed the last spending cuts and we seem to be getting closer to a deal, but the sustainability of Greece’s debt burden remains an issueOn Saturday China cut the reserve...

Market movers aheadGlobal• We have a fairly slow week in the US markets coming up, as markets will be closed on Monday for Presidents day. We will, however, receive some potentially interesting...

• The Riksbank is (reluctantly?) taking things step by step.• We see little reason to alter our trading recommendations. Instead, we find support for our strategies when we read the...

Key newsECB and eurozone countries closer to agreement about closing the remaining funding gap for GreeceEUR and stock markets higher on strong US data and hopes that a deal on Greece will eventually...

Overall, there were few surprise elements in the Bank of England’s Inflation Report.First, the Bank of England (BoE) did not rule out more asset purchases when the current £50bn buying is...

Key newsGreek bailout decision has been delayed – the working deadline is now MondayEuropean sovereign spreads widenedStocks closed lower in the US and risk sentiment remained weak in Asian...

In our FX Top Trades 2012 from  14 December 2011 we recommended selling a 12M EUR/NOK and a 12M USD/NOK forward. The recommendation is currently 3.2% in the money. To lock in some of the profit...

We expect the Riksbank to significantly lower its GDP forecast, raise the unemployment forecast and lower the inflation forecast in the monetary policy report to be published along with the rate...

Eurozone forecastGrowth and inflationThe economic data are consistent with the eurozone being in a recession in Q4 11 and going into 2012. However, there are tentative signs of stabilisation in...

Key newsToday’s Eurogroup meeting was called off last night as unresolved issues remain.US equities closed the day unchanged  after reports that Greek party leaders would provide written...

• US retail sales showed a healthy gain, despite the reading being below both our and consensus expectations. The weakness in headline numbers was primarily driven by disappointing car...

Key newsMoody’s put the UK on negative credit rating outlook late last night in a move which also saw downgrades for six other European countries.The Bank of Japan announced new easing policies...

This week is a busy and important one for Swedish fixed income markets. On Thursday, the Riksbank is due to announce the outcome of its policy meeting. According to market pricing, the probability for...

The Greek parliament approved the austerity package with 199 for and 74 against. 43 members of the governing socialists (PASOK) and conservatives (ND) voted against and were immediately expelled by...

Key newsLast night the Greek parliament approved the austerity package, which has lifted sentiment in the Asian session.On  Friday evening Standard & Poor’s added to the negative...