Market Overview

Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, six years later, the S&P 500 has set an inflation-adjusted record high based on monthly...

IMF adds yuan to its listIn a decision that surprised no one, the International Monetary Fund’s executive board announced yesterday that China’s currency would join the basket of reserve...

Private nonfarm payrolls in the US are projected to increase by 179,000 (seasonally adjusted) in November over the previous month in Wednesday’s update of the ADP Employment Report, based on The...

Despite forecasts of 49.9 from the latest manufacturing PMI report in China, results disappointed yet again by releasing at 49.6 – a fourth straight month of contraction and the lowest level of...

US stocks retreated on Monday on disappointing Thanksgiving holiday sales while investors awaited central bank policy decisions. The Dow Jones Industrial Average fell 0.44% and the Nasdaq Composite...

It is official. The Chinese yuan will be in the SDR. At a 10.4% share, it is a bit more than I expected, but less than the 14%-16% share that the IMF staff intimated a few months ago. This is a...

The European Central Bank is going to hold a meeting about the continuation of European monetary policy this upcoming Thursday, but what can we expect? I'm not only asking this question regarding some...

Red ink swept across the major asset classes in November, with one exception: US equities. The Russell 3000 Index edged up 0.6% last month. Otherwise, losses prevailed, delivering a negative...

Chinese manufacturing PMI for November was a mixed bag with the private Caixin PMI strengthening, whereas the official PMI from NBS fell to the lowest level in three years.The Caixin PMI manufacturing...

Market Movers In the US the ISM manufacturing index for November is to be released. Regional indices for November and the ISM order-inventory balance in October indicate that the ISM should not fall...

Welcome to the Danske Bank Markets Fixed Income Top Trades for 2016.No. 1: USD 3Y10Y swap flattener on hawkish Fed No. 2: Receive 1Y EONIA and pay 1Y1Y EONIA No. 3: EUR Govie RV: Long 10Y Ireland vs....

The US dollar is trading with a heavier bias today amid some last minute position squaring ahead of the key events of the week, which are stacked in the second half. The ECB meeting and US jobs data...

Four themes, eight trades - and a wild card For the seventh time, we present our year-end FX Top Trades for the coming year. The 2016 publication is based on four themes that we think will drive FX...

Last week the European credit market moved more or less sideways. iTraxx Main was unchanged at 72bp, while iTraxx Crossover widened marginally to 292bp.It was a fairly quiet week on the Scandinavian...