Danske Markets

In this short note, we provide a graphical overview of the market movements in emerging markets and commodity exporting economies since the beginning of the year. We focus on the FX and equity markets...

The latest IMM data covers the week from 15 to 21 January 2014. The CHF and JPY shorts were seemingly cut already ahead of the meagre Chinese PMI figure which - coupled with a series of local events...

On Tuesday, statistics from Sweden reveals both retail sales and trade balance numbers for December, giving us the input necessary to compute a first estimate on Q4 GDP. In general, we expect...

Market focus will remain on the development in emerging markets. At this stage we do not expect the emerging market wobbles to be enough to prevent Fed to continue tapering in connection with the FOMC...

This week the scorecard recommends buying the GBP, NZD and SEK while selling the CHF, JPY and EUR. The technical outlook for the GBP is relatively positive according to the model's input factor, and...

After an already difficult start for emerging markets (EM) this year, the situation became even more challenging this week as weak Chinese data created fresh concerns of a hard landing with a negative...

Yesterday’s downbeat PMI figures for China’s manufacturing sector indicate a renewed slowdown in Chinese economic growth. This is bad news for commodity prices and in particular base...

Market movers today In terms of data releases we have a very thin calendar today but there are some interesting events. A potential rating decision from Moody's on France's sovereign rating might...

Kiev sees a violent escalation For almost two months, there have been protests on the central streets of Ukraine’s capital Kiev and in western towns following President Viktor Yanukovich’s...

There are several important data releases on the international agenda next week. On Monday, German IFO for January will show whether PMI figures have been strong. On Tuesday, Q4 13 UK GDP is expected...

The EUR/USD looks overbought according to our short-term financial model and as long-term implied volatility at the same time looks cheap, we recommend investors thinking about positioning for a...

We expect the Fed to cut its monthly bond purchases by an additional $10bn at next week's FOMC despite the disappointing labour market report in December. In the US, GDP probably expanded a solid...

Our recommendation to buy AUD/NZD spot (at 1.0650) from earlier this week (see FX Trade Recommendation: Long AUD/NZD on positioning and RBNZ pricing, 20 January 2014) has been stopped out this...

The flash estimate for Markit/HSBC manufacturing PMI in January declined more than expected to 49.6 (consensus: 50.3, DBM: 50.3) from a final reading of 50.5 in December 2013. This is the third month...

Market movers today The main release will be euro PMI in January. Manufacturing PMI is likely to move broadly sideways after having been on an upward trend since April 2013. The index is at the...

In the first auction this year, the 2017 bond (SGBi3107) will be tapped. The real yield curve has shifted up some 5-8bp since the most recent report at the beginning of December. The BEI curve is more...