Danske Markets

The US-China trade frictions escalated further over the weekend and we are unfortunately moving away from the 'Grand Bargain' scenario towards the 'trade war' scenario.While there are no winners in a...

Market movers today There are no tier 1 data releases today, but there will be some focus on speeches by the Fed's Vice President, Bill Dudley (voter, neutral) and ECB President Mario Draghi in Sintro...

We think the current boom phase still has 'air to run' with growth to remain above potential at 2.1% in 2018E and 1.9% in 2019E, before moderating to 1.6% in 2020E.We expect domestic demand to...

We expect the euro area economy to expand by 2.1% in 2018, 1.7% in 2019 and 1.6% in 2020, driven by stronger domestic demand, while net exports are likely to become a moderate drag in 2019 and 2020....

The latest IMM data covers the week from 5 June to 12 June 2018To read the entire report Please click on the pdf File Below:

Market Movers aheadTrade frictions between the US and China will be in focus over the coming week. An escalation could be on the cards. We expect euro area PMI to fall further in June, adding to the...

A dovish ECB ends tapering and sends EUR and bund yields lower.We now look for four Fed hikes in 2018 following a confident Fed statement and projections. The US is leaving the euro area behind in...

A word about CPIF: recent data will not shift the Riksbank in a hawkish directionA word about nothing: Swedish unions' wage and inflation expectations do not move A word about something: is the...

Market movers today It has been an extremely busy week but it is not over yet! The most important event today is whether Trump is going to publish the full list of the Chinese tech products (USD50bn)...

GDP growth is expected to slow gradually but remain above trend both this year and next.Fiscal policy has become even more expansionary but it is not the right time to do it. Core inflation is set to...

The domestic leg is struggling due to a combination of weak real wage growth limiting the scope for private consumption growth and Brexit uncertainties weighing on business investments. Economic...

The ECB announced its formal end to QE in June and not in July as we expected. This said, the announcement was as we expected, with the APP Q4 purchase rate of EUR15bn per month; hence, the bond being...

FRA pricing can be divided into two parts. First the pricing of the Riksbank and expected rate hikes. Second, the STIBOR fixing relative to the repo, or RIBA contract. We now see both parts of pricing...

The Fed raised the target range by 25bp to 1.75%-2.00% as expected (the interest rate on excess reserves was only lifted by 20bp to 1.95% in order to keep the effective Fed funds rate closer to the...

Market movers today With the Fed meeting behind us, focus turns to the ECB meeting. We do not expect any changes in policy or forward guidance, but some hawkish comments could be envisaged. Instead,...

Market movers today We have another interesting day ahead of us with the FOMC rate announcement at 20:00 CEST as the most important event (press conference at 20:30). We expect the Fed to hike the...