Danske Markets

The Italian coalition government collapsed on Saturday as Berlusconi's PDL party withdrew its ministers only five months after its formation. It is now up to President Napolitano to decide whether to...

The Italian coalition government collapsed on Saturday as Berlusconi's PDL party withdrew its ministers only five months after its formation.It is now up to President Napolitano to decide whether to...

Starting on Tuesday, 1 October (depending on market conditions), Kommuninvest will start introducing a new loan (SE0005423753) three months longer than SGB1050 and maturing on 12 October 2016. The...

Long euro positions are getting crowded. Investors have not been this long in the euro since mid 2011 when the ECB was last hiking rates. As the Fed delayed QE tapering net long EUR positions were...

Danske Bank has remained one of the most optimistic forecasters on the Swedish economy since late 2012. We have based this view on nothing less than a post-crisis first increase in global and domestic...

This week the scorecard recommends buying NZD, EUR, CHF while selling JPY, GBP, CAD (see suggested weights in portfolio in table below). After having been long JPY for three weeks the scorecard is...

Market movers today In the US focus will be on the negotiations about temporary government funding for the new budget year starting tomorrow. It appears that negotiations will go down the wire and...

This week, Sweden will be tapping SEK3.5 billion on November 23, and Denmark will be printing on November 16 and November 23. The entry level in the Nordics looks attractive ahead of the auctions and...

Will the ECB cut rates on Wednesday? In a Reuters poll 75 of 75 analysts say no (including us), so let us not waste much time on this. What else can Mario Draghi do? He can do his best to sound...

Buy a 1Y1Y SEK payer swaption with strike 2% (20bp above ATMF). Sell a 1Y1YEUR payer swaption with strike 0.80% (10bp above ATMF).The Riksbank in a much stronger position than the ECB. The current 3M...

Market Movers ahead The deadline for a US budget deal for FY 2014 is Monday evening, and the risk of a government shutdown from Tuesday has increased. We expect a significant rebound in US job...

Data still fine but risk of equity correction rising Last week we wrote that tail risk was falling fast for the global economy and hence also for stock markets. It was based on a) the more dovish...

In August Danish investors bought foreign shares and bonds and foreign investors bought Danish shares and bonds. It was mainly euro investors who purchased Danish bonds, while Swiss investors sold...

The German elections are now behind us and financial markets and politicians should soon begin to focus on what is next on the EU agenda. Prior to the elections, sensitive EU issues were de facto...

Market MoversFocus will continue to be on the political wrangling in the US to secure an agreement on the temporary funding bill for the new budget year starting on Tuesday to avoid a government...

When the Polish central bank’s Monetary Policy Council meets next week, it is very likely that it will decide to keep the central bank’s key policy rate unchanged at 2.5%. This is also the...