Danske Markets

Economic developments since July suggest that the Riksbank will have to lower its rate path (see Reading the Markets Sweden, 30 August). As a result, the Riksbank's 'every second meeting rule'...

Market movers today Focus is again on Brexit with the UK House of Commons returning to session. It looks like we are heading for a snap election sooner than expected. Today there will be an emergency...

The global macroeconomic backdrop has weakened significantly since we published The Big Picture – Renewed trade dispute casts shadow over global economy on 11 June. The escalation of the trade...

Market movers today Asian data released over the weekend showed manufacturing continues to be in a slump. Today, PMIs will draw headlines as releases come across Asia, Latin America and Europe.In the...

After a dismal end to 2018, parts of the global economy are showing rays of light. In both the US and China, manufacturing PMI rose slightly in January compared with December. Hence, despite the...

The latest IMM data covers the week from 20 August to 27 August 2019Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and...

Heading towards a rate cut Go outright long in 2Y covered bonds Hunt for yield to support long-end covered bondsSteepen 2Y-5Y on the SEK swap curveLonger Swedish BEI levels continue to trade at very...

Market movers today In the euro area, we get the preliminary August HICP figures today. This will be the last inflation input before the ECB meeting on Sept. 12, hence setting the scene for the...

Key takeawaysOn the back of the recent development, we change our view and now think the two most likely scenarios are (1) a no-confidence vote leading to an extension (and later a general election)...

Market movers today Following Prime Minister Boris Johnson's decision to prorogue the UK parliament from mid-September to mid-October, financial markets will monitor very closely any signals from the...

Market movers today Trade war headlines and geopolitical developments remain the key market drivers, although the news flow might calm down compared to the last days after the G7 summit. In Italy,...

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

Market movers today Markets will watch out for further trade war escalation and 'tit-for-tat' headlines, after China on Friday announced tariff hikes on US imports and President answered in kind.In...

China retaliated against Trump's tariff hikes on Friday. While countermeasures were expected, it was a reminder that the trade war is alive and kicking. The retaliation is not over, though. China...

Market movers aheadIn the euro area, we are due to get the last inflation input before the ECB meeting in September, setting the scene for the monetary stimulus package. We expect August inflation to...

Market movers today Today, markets will continue to focus on the Jackson Hole conference in the US and especially Powell's speech at 16:00. The FOMC minutes from Wednesday showed a highly divided Fed...