Danske Markets

We just came back from a week in Beijing and Shanghai last week meeting a wide range of people from research companies, academia, banks and Nordic companies. Below is a summary of our travel notes...

More questions than answers A few thoughts on the back of the ECB meeting (further to the review ), which we believe raised more questions than it answered. Overall, the press conference shows it will...

Market movers today On the political front, market focus will be on the meetings at the World Economic Forum at Davos, where President Trump will make a special address at 14:00 CET. The address is...

Whether Riksbank hikes or not in 2018, too much is priced in over the next few years Residential construction plans plummet ESV December figures - what do they say about DO's 'problem'? SEK and GDP...

Overall, President Draghi struck a dismissive tone on changes to language indicating that monetary policy normalisation is only in the very early stage with changes to forward guidance yet to be...

The US dollar (USD) fell sharply yesterday following US Treasury Secretary Mnuchin's comments that 'A weaker dollar is good for us as it relates to trade and opportunities'. Newswires are flush with...

As expected, Norges Bank (NB) left the sight deposit rate unchanged at 0.50% this morning. This was an 'intermediate' meeting, i.e. there was no monetary policy report or press conference, just a...

The main event today is the January ECB meeting. Attention from financial markets will be on the timing of when forward guidance will be revisited on the back of the ECB's December account, which...

EUR/GBP breaks below 0.8750 on strong UK data, USD weakness and Brexit optimism.We expect EUR/GBP to break lower in 6-12M on Brexit clarification. We target 0.85 in 12M, but stress that the risk is...

Yesterday, the US Senate officially confirmed Jerome Powell as the next Fed Chair when Yellen's term expires on 3 February. This was as expected, but it has taken a long time for the Senate to...

Market movers today In the euro area , the preliminary PMI figures for January are due for release. Both manufacturing and service PMIs rose yet again in December, climbing to 60.6 and 56.6...

US President Donald Trump moved from tough talk to action as he announced tariffs on solar panels and washing machines. On Monday, he ordered tariffs of up to 50% on imported washing machines for the...

Market movers today It is another quiet day on the data front with only the ZEW indicator in Germany and consumer confidence in the eurozone for January as the noteworthy releases. Market focus will...

Global economy still on a rollItalian election countdown has begun Risks to yields skewed to the upside EUR/USD headed for 'fundamental' levels as ECB fades easing To read the entire report Please...

Today the Republicans and the Democrats agreed on a short-term funding bill expiring on 8 February in an attempt to get more time to negotiate the immigration reform. The deal means that the...

The Riksbank normally moves in tandem with the ECB and the Fed but in 2002 and 2010 they outhiked other central banks. In the years after, the Riksbank had to fight a too low inflation (a stronger...