Danske Markets

Main event in Sweden will be the January inflation figures. The January numbers are always scary stuff since Statistics Sweden performs a reweighting of the components, which is hard to get your head...

Market Movers ahead In the euro area, we expect the PMIs to have moved broadly sideways in February but nonetheless still suggesting a firmer recovery in early 2014. Minutes from the January Fed...

There is increasing evidence that the global economy is shifting into a much lower gear in the first part of 2014. In particular, US evidence is mounting that the economy slowed significantly at the...

Review The beginning of the year has been characterised by less positive economic data - in particular in the US - and a short-lived bout of EM jitters. However, the outlook remains fairly positive...

While we remain confident that eurozone inflation will continue to come in on the soft side and add to pressure on the ECB for more easing, we have become somewhat less certain that the ECB in fact...

Market Movers Q4 GDP for the euro area as a whole and several euro area countries is due for release today. Based on our 'hard data' model we look for a rise in euro-area GDP of 0.3% q/q. Consensus is...

We take a look at the inflation outlook for this year - by the end of the year our estimate is clearly below the Riksbank's forecast. The Riksbank keeps its projection intact compared with December....

The latest 'news flash' in the still-ongoing emerging market turmoil was the decision of the National Bank of Kazakhstan (NBK) to devalue the Kazakhstani tenge by around 19% on Tuesday. In line with...

Market movers today The US retail sales likely got off to a soft start in January following a strong finish to 2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retail...

According to the monthly oil report released today, total OPEC crude output increased marginally to 29.71mb/d in January. Hence, the cartel was able to balance its output, despite Libya doubling its...

Market movers today Euro-area industrial production is likely to show a decline in December following the strong gain of 1.8% m/m in November. Most euro countries have published declines in...

Pay USD 1Y1Y at 0.61% vs receive 2Y1Y at 1.49% in 2-to-1 BPV ratio. Enter ½ position at 27.0bp (estimated roll-down 21.5bp over 12 months). Keep a possibility of scaling into the next...

Fed chairman Janet Yellen testifies before the House Financial Services Committee in her first semi-annual report on monetary policy since taking over from Ben Bernanke. Her written testimony will be...

February’s WASDE report did not contain any major revisions to the outlook for grains. The report was relatively bullish for wheat and corn following higher projected demand and lower projected...

The latest IMM data covers the week from 28 January to 4 February 2014 IMM positioning data released last Friday showed the largest build in non-commercial net short EUR positions in three months....

Market movers today A quiet start to the week with no tier-1 data to be released. Italian industrial production and the euro sentix survey are the only releases and are unlikely to have a market...