Danske Markets

Following intense negotiations, EU leaders have struck an agreement on the succession race for the EU Commission and ECB presidency. German defence minister Ursula von der Leyen will take over the...

Market movers today The main event in the Nordic region is the Riksbank meeting with the policy announcement at 09:30 CEST. The market is not expecting much and we tend to agree. The most significant...

The global macroeconomic situation continues to show signs of weakness. Global PMIs and investments have experienced a setback amid uncertainty about trade relations between the US and China and...

China outlook Our view. PMIs are set to remain weak in the short term, but there is no sign of a hard landing. On the other side of a trade deal, the economy should recover again. Leading indicators...

The global business cycle continued to deteriorate in June, as PMI new orders and OECD leading indicators fell further.The weakness is driven, in particular, by soft investments, while private...

Market movers today In Brussels, EU leaders will resume their quest to fill the European top posts after they failed to do so at a marathon summit stretching from Sunday to Monday. Discussion...

Market movers today We are starting the week with a host of PMI manufacturing releases, which will give an indication of where the global manufacturing cycle is heading amid the uncertainty prompted...

Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details Historical FX (1 of 6) Historical FX (2 of 6) Historical FX (3 of...

As widely expected, the Xi-Trump meeting ended with a ceasefire in the trade war. The export ban on Huawei was also lifted, at least partially. The ceasefire is good news in the sense that it confirms...

Market movers aheadThe most important global event is the Donald Trump-Xi Jinping meeting in Japan this weekend - in our view, there is hope for an easing of the trade war. The US jobs report and ISM...

A ceasefire tomorrow is widely expected but the path to a trade deal is likely to be rocky. Renewed escalation in H2 is still a risk if both sides stand firm. Markets are caught between the threat of...

Taking stock of the latest euro area macro data signals, we conclude that investors should brace themselves for more negative economic surprises in coming weeks. We expect GDP growth in Q2 to fall...

Market movers today The key focus today is the G20 summit starting in Osaka. Although the long-awaited meeting between US President Trump and Chinese President Xi is only scheduled for tomorrow (3:30...

Riksbank: wait, see and hope. Protect more bullish positions with a 2Y-5Y steepener. Play the flat SEK curve relative EUR by paying 2Y2Y spread. Updated levels on LFH519 ASW (Sep 2026) vs...

Market movers today In the euro area, we get a first hint of where inflation is headed in June with the German and Spanish HICP figures out already today. It will be interesting to see if they point...

Market movers today In the US, it will be interesting to see whether core capex orders for May show the same signs of weakness as PMIs as of late. We also get a first glimpse of how German consumer...