Danske Markets

Markets were anxiously awaiting the signals from the ECB's June meeting. As we had expected, a cessation date was announced for QE. Bond purchases will amount to EUR30bn a month until the end of...

Market Movers ahead The next scheduled date for the trade disputes is 30 June, where the US government is set to announce plans for restricting Chinese investments. The European Council meeting on...

The ECB just published the voluntary repayments of the second round Targeted Longer-Term Refinancing Operations (TLTRO2). Euro area banks decided to repay EUR11bn at the end of the month. The EUR11bn...

A further escalation of the trade tensions has become our baseline scenario ahead of 6 July.The escalation will weigh on global economic growth. Equity volatility will be high, with downside risks for...

Market movers today It is time for flash euro area PMI for June. It will be interesting to see if there is any effect of the recent deterioration on the trade front. The data is typically collected...

Bank of England kept its monetary policy unchanged with a 6-3 vote and changed its QE guidance saying it won't reduce QE stock before the key interest rate reaches 1.5%.We stick to our call with one...

The Norges Bank meeting will take centre stage in the Scandies today . We expect Norges Bank to broadly 'pre-commit' to a September hike, see more on page 2.The Bank of England is also meeting but...

Following the publication of the government's revised budget and debt management strategy, we now project government deposits will be around DKK110bn and the net position around DKK220bn at the end of...

Market movers today We have published our Nordic Outlook with updated economic forecasts for the Nordic countries this morning. We expect Swedish growth to slow this year as it is no longer fuelled by...

We think the fast pace from last year is over for now and expect GDP growth at 1.0% this year and 1.1% in 2019. In 2020 the consumption tax hike will weigh on growth, which we expect will end up at...

External risks have increased Global news has not sounded positive for the Nordic growth outlook recently. The increasing risk of trade wars is not in the interest of small open economies and of...

Finance Minister Giovanni Tria's comments have calmed markets but we think it is too soon to declare the Italy crisis over just yet. Market pressure is likely to return in September when the...

As we wrote yesterday in ' [US-China trade - From 'Grand Bargain' towards trade war?',]US-China trade - From 1Grand Bargain towards trade war?', an escalation into a trade war had become increasingly...

Starting on Wednesday 20 June, Kommuninvest is set to introduce a new loan, due to mature on 12 May 2025, within the SEK benchmark programme. The coupon rate is set at 1% and the ISIN code is...

We take profit on our bought USD/SEK straddle and book a profit of 0.98%.We continue to see the balance of risks skewed on the upside in USD/SEK but as it has performed well in both spot and...

Selected market news The tensions between the US and China continue as President Trump is threatening to impose another USD 200bn in tariff on Chinese exports to the US. China has responded that they...