Market Overview

The No-Deal ScenarioUsing common sense as a guide, most market participants believe another kick-the-can deal will be made with Greece. If we assume, hypothetically, the lower probability scenario...

The market appears to be taking in stride the latest setback in negotiations over Greece. The euro has recouped all the ground lost in thin markets late yesterday when the Eurogroup discussions broke...

Greece’s newly elected leftist Prime Minister, Alexis Tsipras, is bringing deficit spending back into vogue. The charismatic prime minister laid out plans to dismantle Greece's "cruel" austerity...

Eurozone ministers of finance will not continue negotiations with the Greek government if it does not request a rescue extension of the current financial support program. Greece has until the weekend...

In line with our expectations, UK CPI inflation declined by 0.2 percentage points to 0.3% in January 2015 from 0.5% in December 2014 (Danske Bank: 0.3%, consensus: 0.4%). This is the lowest reading...

This is no way to run a railroad. But the powers that be that run the European currency experiment have a taste for brinkmanship and 11th hour deals to avert a crisis. No one’s better at this...

SEB is today introducing a new 5Y benchmark bond (SEB573) maturing on 17 June, 2020. The coupon rate is set at 1.5% and the ISIN code is SE0006258406. We would expect it to quickly reach benchmark...

The details of the announced QE programme were much clearer than we are used to when the ECB launches new measures. However, the legal acts have not been published yet and one of the unanswered...

The global gold markets were subdued on Monday as volumes were low mainly on account of the short trading day in the U.S. markets due to Presidents Day. Gold fell last week, but managed to bounceoff...

Credit indices tighter during the week. Overall positive sentiment in the year-end reports. Pick up in primary activity. Biggest weekly inflow in European HY bond funds in 15 weeks. Hybrid bonds...

Market movers today In Germany we expect the ZEW indicator to have improved markedly to 64.0 in February from 48.4 in January. Our call is substantially above consensus and if we are right, this...

Recent data suggests consumers are extraordinarily cautious - we take down our forecast for Q1 private consumption growth. Lower investments in the Crude Oil and gas extraction industry are feeding...

European futures are are trading lower as there is still no common ground established between Greece and its creditors yesterday. Both sides drifted apart once again yesterday and investors were...

EUR/USDToday’s support: -1.1306 and 1.1293 (main),where correction is possible. Break would give 1.1285, where correction also may be. Then follows 1.1269. Break of the latter would result in...