Danske Markets

In terms of data releases we have a very thin calendar. Focus will be on US pending home sales, which we expect to remain unchanged following the large decline last month.The Iranian agreement might...

This week the scorecard recommends buying NZD, GBP, JPY while selling NOK, SEK, CHF. New Zealand's short term interest rates have increased around 20bp over the past four weeks. Last week alone, 1Y...

Statistics' Sweden (SCB) investment survey and the National Institute for Economic Research's (NIER) business and consumer confidence surveys did nothing to alter our view of a Riksbank repo rate cut...

Iran and the so-called P5+1 group of major countries struck an interim six-month deal on Iran's nuclear programme on Saturday.The deal constrains Iran's nuclear programme in return for limited...

Market movers ahead: The US holiday shopping season kicks off next week with Thanksgiving. It is hoped it will confirm the upbeat message from the October retail sales report. We expect euro area...

Market MoversIn the data calendar the main event is the IFO business survey in Germany. We expect continued improvement in IFO and yesterday's strong German PMIs even suggest that there could be...

Headlines: Rates lower for longer. Strong primary market activity. New corporate methodology by S&P. Higher capitalisation target at DNB. Market commentary It seems the Fed has been convincing...

The big theme in the euro area has become the risk of deflation. Our forecast for inflation suggests that the deflation scare will stay with us for some time – and might very well intensify....

The rate decision in Hungary will be the key event in the EMEA region next week. Even though consensus expects another baby-step rate cut of 20bp, we think there is a chance that the Hungarian...

A lot of data is due to be released next week, such as trade balance figures (forecast 7bn surplus) and retail sales, where we think the y/y rate due to a temporary base effect will jump to 4%. Also,...

The flash estimate for HSBC manufacturing PMI declined to 50.4 (consensus: 50.8, DBM: 51.2) in November from a final reading of 50.9 in October. The details were relatively weak with new orders...

There were only small movements in real yields over the past couple of weeks despite a big decline in nominal rates. Hence, BEI rates have declined some 11bp, in a roughly parallel move along the...

Market overview and outlook - The financial markets are keeping a strong focus on low inflation at the moment - ECB has cut its refi rate to a historically low 0.25% in response to declining...

Momentum seems to be growing in talks over Iran’s nuclear programme as negotiations between Iran and the so-called P5+1 continue today. Further progress could mean an easing of the sanctions on,...

In the data calendar the main events are the releases of flash PMIs for the euro area, Germany, and France. For the euro area as a whole we believe a slight decline is possible albeit Germany should...

In the data calendar focus will mainly be on a number of US data for October. Retail sales are expected to have been weak partly due to the negative impact from the government shutdown. Headline CPI...