Danske Markets

Further signs of slowdownProfit taken in SGBi 3109 BEILoss taken in NDH5532 (May 2021), receive SEK 1Y 1Y outrightOctober a challenging month for the kronaTradesProfit taken: in SGBi 3109 BEI at...

Market movers today This morning, we published a comprehensive presentation looking into the risk of a global recession, possible recession drivers and the policy space to counter a downturn, see A...

Market movers today On the data front, we expect that household lending growth in Sweden remained stable at 4.9% y/y in August. Although the outlook for Riksbank action is uncertain, we expect...

The Finnish economy continues to slow down after a strong three-year expansion. GDP grew 1.2% y/y in Q2 19, largely on the back of public consumption and surprisingly strong services exports. Private...

Market Movers Today Today's calendar is a blend of politics and data. First, the German Ifo will be closely monitored. Both the expectations and current situation components have been on a falling...

Market movers today This week, focus turns to the real economy, where the highlights are today's PMI figures . Last month, the manufacturing PMIs ticked up in both the euro area and Germany. However,...

GBP has priced in a lot of Brexit optimism in terms of negotiations between the EU and the UK. However, from here, it may not take much of a change in politics to get a large, negative repricing of...

Market movers aheadAfter two weeks of central bank action, focus will likely turn to the real economy, where we will start to get PMI data for September.If there is no increase in PMIs in the US, this...

Lower-level officials meet in Washington. Small interim deal a possibility in October but real break-through is hard to envision at this stage. CNY strengthens ahead of trade talks where currency is...

The past month has been hectic on the financial markets. During the second half of August, the 10Y Bund yield traded below -0.70% at times, while 30Y Bund yields sometimes dipped below -0.25%.In...

Market movers today Following a busy central bank week, today is very thin on scheduled events and economic data. Focus is on the developments in the Iran-Saudi crisis. US Secretary of Defence Mike...

More bad (job) data Time to receive SEK 1Y 1Y vs EUR Will the Riksbank follow Norges Bank's lead? Don't count on it ! Trades New, receive SEK 1Y1Y vs EUR 3M @ +42.7bp. P/L: +25bp/+57bp. New levels,...

Still no pre-commitment to more easingAs expected, the Federal Reserve cut its target range by 25bp to 1.75-2.00%. Not very surprisingly we had three dissenters with Rosengren and Esther calling for...

Market movers today Key focus today will be the Fed meeting tonight, where we look for another rate cut of 25bp but no pre-commitment to further cuts, see FOMC Preview , 13 September 2019. Another...

While a 'no-deal' Brexit scenario is not our main case, it most certainly could happen - and it would have significant economic and financial implications. In this piece, we share some broad...

Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details Historical FX (1 of 6) Historical...