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Danske Daily - 12 June 2017

Published 06/12/2017, 03:36 AM

Market movers today

Today is a very quiet day in terms of economic data releases. We get Danish CPI for May, which we expect fall to 0.9% y/y from 1.1% in April due to a reversion of package holiday prices after the surge in April (Easter effect), lower fuel prices and base effects from food prices.

Focus on the outcome of the UK and French elections. See below and our update on the UK election: Research UK: Hung parliament adds government risk premium to GBP , 9 June 2017.

The main event this week is the Fed meeting on Wednesday where in contrast to the consensus expectation and market pricing we think the Fed will stay on hold and instead make an announcement on balance sheet reduction.

To read the entire report Please click on the pdf File Below

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