Weekly Focus: Will Riksbank follow suit and remove rate cut probability?

New research from Danske Bank Markets Market Movers ahead The most important event in the Nordics is the Riksbank’s announcement on Tuesday at 09:30 CET. Although we expect the Riksbank to stay on hold, we expect it remove the small rate cut probability in the updated rate path. In Denmark, the FX reserves data for…

Market Guide: Tailwinds easing for global economy

New research from Danske Bank Markets Fed set to hike rates, ECB not eyeing an exit yet. OPEC and Russia have extended production cuts. Yields set to range trade in 2017 but risk is skewed on the upside. USD weakening is premature. Market Guide: Tailwinds easing for global economy

Danske Daily – 30 June 2017

New research from Danske Bank MarketsMarket movers today Several interesting inflation figures due out today. First, the euro area will release preliminary inflation for June. Given the German, Italian and Spanish figures (and our estimate that French HICP inflation will have declined by 0.1pp) euro area inflation should be down by 0.14pp from 1.40% y/y…

Danske Daily – 29 June 2017

New research from Danske Bank MarketsMarket movers today Today, HICP inflation from Spain and Germany for June will be in focus. We look for Spanish inflation to have dropped to 1.4% y/y (consensus: 1.5% y/y) from 2.0% in May. In Germany, we are in line with consensus at 1.3% y/y from 1.4% in May. The…

Danske Daily – 28 June 2017

New research from Danske Bank MarketsMarket movers today Data on euro area credit and M3 growth are due out today. While we estimate M3 continued to show around 5% yearly growth, we believe loan growth continued its upward trend. In particular, adjusted loans to NFCs increased from 1.9% in February to 2.4% in April. We…

Danske Daily – 27 June 2017

New research from Danske Bank MarketsMarket movers today Today is another quiet day in terms of data releases. The Fed’s Williams (non-voter, neutral) will speak this morning and later today it is time for US consumer confidence for June. We look for a small decline in line with what we have seen in the consumer…

Danske Daily – 26 June 2017

New research from Danske Bank MarketsMarket movers today Today is a very quiet one in terms of data releases. In the US, we are set to receive core capex goods orders for May. The new orders component has levelled off recently, in line with the general cooling of the manufacturing sector. We estimate a slight…

Weekly Focus: Inflation pressure still missing

New research from Danske Bank Markets Market movers ahead Inflation readings for both the US and the euro area will be clearly below central bank targets, both on actual and core measures. European growth indicators have remained high while others have weakened, but we expect to start seeing a decline in IFO numbers this week….

Danske Daily – 23 June 2017

New research from Danske Bank MarketsMarket movers today In the US, the Markit PMI manufacturing and services for June is due out. Manufacturing PMI has cooled off since it peaked at 55 in January. The current level of manufacturing PMI points to GDP growth around 1.6% and even though this does not sound impressive, we…

Danske Daily – 22 June 2017

New research from Danske Bank Markets Market movers today In the euro area, consumer confidence is due for release today. Consumer confidence rose from -3.6 in April to -3.3 in May, which is its highest level since 2007. We believe that consumer confidence will increase further as employment continues to be a tailwind and uncertainty…