Danske Markets

The recent drop in copper prices has coincided with the People's Bank of China allowing the yuan to depreciate. Even though the weaker yuan makes Chinese copper imports more expensive, it adds...

In January, Danish investors net purchased foreign bonds, while foreign investors net purchased Danish shares and net sold Danish bonds. In particular, foreign investors net sold DKK-denominated...

Mario Draghi's focus on lack of information at the ECB meeting last month was, in our view, a way for him to buy some time and despite the recovery is set to gain ground, we expect the ECB to ease...

Some important releases are due today ahead of next week's ECB meeting. A continuation of the weakness in monetary and credit developments will add to the arguments for more easing from the ECB. But...

Money market rates have plunged in recent weeks, suggesting that People's Bank of China (PBoC) has de facto started easing, Flash Comment: Weaker yuan suggests PBOC easing bias and widening of trading...

We expect the ECB to publish an inflation forecast of 1.6%. This is less than "below, but close to 2%" and we think the ECB will ease again. In our view the ECB will have to revise this medium-term...

In the US new home sales are expected to decrease further in January, after weak December figures. The main reason for the decline is still the bad weather, which had a solid impact on new home sales....

Market overview US economic data seemed to have softened temporarily following a harsh winter. Meanwhile, the Chinese economy continues to slow and the eurozone keeps struggling with low inflation. ...

Extreme drought has threatened Brazilian coffee, sugar and soybean crops. Brazil is the world's dominant producer of these crops and the market has rallied since the beginning of February over...

In our view, the ECB's current inflation forecast is too high due to its estimate for core inflation. The ECB expects core inflation to increase in 2014 andconsidering the profile during 2013 the...

Market movers today The second release of the German Q4 GDP figure is likely to get some attention as the first release of the underlying components is due. The latest figure for retail sales...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click...

This week the scorecard recommends buying the GBP, SEK and CAD, while selling the USD, JPY and CHF (see suggested weights in portfolio in table below). Most input factors currently favour being long...

The latest IMM data cover the week February 11-18, 2014 IMM positioning data released last Friday showed a build in non-commercial net long EUR positions and investors are now again long the single...

Market movers today The situation in Ukraine has deteriorated further over the weekend and will likely attract significant attention today and throughout the week, as especially central and eastern...

Main event in Sweden will be the Q4 13 GDP figures. Our preferred indicator, the 'Danske Activity Index' is pointing to an outcome below 1% y/y (0.2% q/q), which is almost 0.5pp below the Riksbank...