Danske Markets

In Sweden, the Riksbank monetary policy decision (due Thursday at 09:30 CET) will dominate the week ahead and, with a high degree of confidence, we expect no change in the repo rate. This week Sweden...

We close the position for a 2-7 1Y fwd flattener in USD swaps with a profit of 15bp. We still hold the view that US growth is likely to reaccelerate later this year and that higher rates will...

Market movers today The US labour market report for January will be the main market mover. We expect the labour market to have picked up some momentum although the bad weather, which may have had a...

Market Movers aheadRetail sales could indicate a timeout in the US consumer recovery.Fed chief Janet Yellen faces politicians' questions at two hearings.Eurozone GDP numbers are expected to show...

The Riksbank is on hold, but pressure is likely to mount going forward.Market pricing implies a significant flattening of the curve over the year, but we do not agree. TradesNew: we recommend taking...

HeadlinesIndices moving tighter after the January volatility.Verizon was the talk of the town in primary markets.Nordic secondary spreads have remained strong throughout EM turbulence.Market...

FX Market Update provides a quantitative overview of the currency market, including several valuation tools and monitors. Looking at the signals from our short-term financial models, we see...

\The main event is the ECB meeting, where we expect a refi rate cut to 0.1%. During January we have seen low inflation and declining inflation expectations combined with higher short-term money market...

Next week will be rich week in terms of economic data in the CEE region. Besides inflation data for January, the preliminary release of Q4 13 GDP data for Poland, Hungry, Czech Republic and Romania...

Summary and outlook Global leading indicators have become more mixed recently as Chinese and US PMIs are weaker, while Europe and Asia outside China still look strong. The US ISM took a major dive in...

The euro area periphery data continues its improvement and in line with that sovereign yields have move downwards even though spreads have widened a bit recently. Survey data has remained at...

We expect the ECB to cut the refi rate by 10bp on Thursday's meeting, see ECB Preview: Another refi rate cut . First of all, euro-zone inflation declined again and it is now almost certain that...

Italian and Spanish service PMIs are expected to show further improvement, and based on the flash euro-area PMIs, our forecasts are above consensus. Retail sales in Europe should decline after they...

This week, the Swedish National Debt Office (SNDO) will introduce the previously announced new 10Y index-linked loan SGBi3109. In terms of maturity, the loan matches SGB1058 almost perfectly (set to...

The Riksbank and the money marketTo Read the Entire Report Please Click on the pdf File Below.

At the ECB meeting last month, Mario Draghi described two scenarios that would lead to action. We saw both of these triggers materialise in January. Therefore, we expect the ECB to ease again on...