Danske Markets

Focus continues to be on emerging markets. Large parts of Asia are closed today due to the Chinese New Year public holiday. In Turkey, South Africa, Brazil and Mexico manufacturing PMIs are due for...

China's official manufacturing PMI published by China's National Bureau of Statistics (NBS) in January declined to 50.5 (consensus: 50.5, Danske Bank Markets: 50.5) from 51.0 in December last year. ...

In Sweden we are particularly interested to see how industrial production fares (Friday 08:30) following the very strong reading in November. We need to see a continuation of that trend in December to...

Headlines Emerging market turbulence continues adding to the gloom. DONG Energy equity sale and capital injection approved. Good start to 2014 with healthy levels of new issue volumes. Market...

Following a rapid sell-off in global risk assets last week with the epicentre in Emerging Markets, there have been tentative signs of stabilisation in some markets. The Turkish central bank surprised...

Market Movers Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year....

EM jitters Continue It has been a hard week for emerging markets so far. Despite very aggressive monetary tightening from the Turkish central bank on Tuesday and more 'normal sized' rate hikes by...

The recent jitters in emerging markets (EM) have led to marked sell-offs in the currencies of affected countries but there were only minor repercussions in the G10 sphere. CHF and JPY have gained but...

Market movers ahead Lower inflation has strengthened the case for further ECB easing as soon as the meeting next week. In the US, we expect non-farm payrolls to increase by 165,000, driven mainly by...

Survey estimates indicate that total OPEC output declined in January despite Libya increasing production following the restart of the Al Sharara oil field. Angola and Saudi Arabia cut production,...

Commodity markets completely ignored the Federal Reserve announcement of an additional USD10bn tapering of its asset purchase program. We expect the dollar to strengthen this year as continued...

Market movers today Emerging markets continue to be the focal point. As long as this is the case financial markets will take the lead from the development in the EM currencies and macroeconomic data...

Last night the Turkish central bank (TCMB), at an emergency monetary policy meeting, announced an aggressive tightening of monetary conditions. The TCMB is responding to the recent sharp sell-off of...

Inflation outlook Euro inflation is below the ECB’s 2% target and was 0.8% in December while core inflation reached a new historical low of 0.7% (see Flash Comment). In January, weexpect...

We expect the Fed to cut its monthly bond purchases by an additional USD10bn in connection with today's meeting, and hence stick to its unofficial plan for tapering, see FOMC preview: On autopilot for...

Focus will be on emerging markets where one of the important battle lines so far has been Turkey's attempt to stabilise its currency. The Turkish central bank has announced an emergency meeting this...