Danske Markets

In the US, the Markit PMI manufacturing and services for June is due out. Manufacturing PMI has cooled off since it peaked at 55 in January. The current level of manufacturing PMI points to GDP growth...

As expected, Norges Bank (NB) this morning left the sight deposit rate unchanged at 0.50%. The Board maintained the 'neutral bias' introduced back in September 2016, and stated that 'the Executive...

We have made a slight change to our inflation forecast.The quest for yield becomes a quest for (short) bonds. To read the entire report Please click on the pdf File Below:

In the euro area, consumer confidence is due for release today. Consumer confidence rose from -3.6 in April to -3.3 in May, which is its highest level since 2007. We believe that consumer confidence...

In the June survey respondents from Sweden, Finland, Denmark and Norway gave their views on ECB bond buying, the Riksbank's repo rate and stock market performance for the remainder of 2017. They also...

Market movers today There are not many data releases in the calendar today. Focus will most likely be on the developments in the oil markets where prices have fallen back significantly over the past...

Bond yields are coming off the highs in China in a sign that the stress is easing and China may be taking measures to ease the pain of regulatory tightening. However, the effects of the tightening...

It is a relatively quiet day on the data front with the exception of Sweden, where a host of different labour market indicators and new debt projections by the debt office are due (see the Scandi...

In connection with the FOMC meeting last week, it was stated that the Fed expects to decrease reinvestments of the principal payments received from securities held in SOMA by gradually increasing caps...

We continue to see further upside for 10Y German Bund yields on a 12-month horizon but we expect no major changes in 2017. This is also the case for Swedish, Danish and Norwegian yields. Range trading...

We take profit on our bearish 9M EUR/RUB risk reversal as commodity prices are heading down, the risk of a weaker euro on geopolitics has vanished on Macron's victory and the global EM rally could...

Key themes In our previous Commodities Market Guide, we highlighted waning demand as a key concern for commodity markets. Since then, our concerns have materialised and should continue to influence...

Market movers today The data calendar is fairly thin this week, with the PMI releases in the euro area and the US as the most noteworthy global data releases. The main focus will instead be on...

The latest IMM data covers the week from 6 June to 13 June 2017To read the entire report Please click on the pdf File Below

Last week we published Nordic Outlook . After several years of very different outcomes across the Nordic countries, we now have convergence in growth of around 2% or better. Prospects are good for the...

Market movers ahead In the US, we will look out for any comments in speeches by FOMC members about what drove the decision on the June rate hike, which in our view was not justified by the data. On...