Danske Daily – 31 July 2017

New research from Danske Bank MarketsMarket movers today Focus today remains on euro area inflation following the country releases on Friday. These figures were stronger than expected and we now look for euro area headline and core HICP inflation to have remained unchanged at 1.3% and 1.1% in July, respectively. The inflation figures are not…

Danske Daily – 28 July 2017

New research from Danske Bank MarketsMarket Movers Today The first inflation figures in the euro area for July are due for release with the German, French and Spanish figures. The euro appreciation during July should not yet result in lower inflation, but we look for the German HICP inflation figure to go lower as package…

Danske Daily – 27 July 2017

New research from Danske Bank MarketsMarket Movers Today In the euro area, the most important data release today is money supply and private sector bank lending. In June, lending to households and non-financial corporations continued their upward trend, meaning the ECB’s accommodative monetary policy is feeding through to the private sector. This should eventually generate…

Danske Daily – 26 July 2017

New research from Danske Bank MarketsMarket Movers Today Today’s key event is the FOMC meeting tonight in the US. We expect the Fed to maintain the Fed funds target range in line with consensus and market pricing. All eyes will be on the statements as there are no updated projections and no press conference. We…

Danske Daily – 25 July 2017

New research from Danske Bank MarketsMarket Movers Today It will be a fairly thin data calendar today, where the main release will be German ifo expectations. The decline in the German manufacturing PMI suggests the ifo expectations index will decline and, in our view, there is downside risk to consensus expectations. Although the figure is…

Danske Daily – 24 July 2017

New research from Danske Bank MarketsMarket Movers Today Today, focus will be on global PMI figures for July. In the euro area, we look for a slightly weaker manufacturing PMI although it should stay at a high level, signalling continued robust GDP growth. The service PMI should also be a bit weaker but still points…

Danske Daily – 21 July 2017

New research from Danske Bank Markets Market Movers Today The ECB’s Survey of Professional forecasters is due for release today where focus will be on the longer-term inflation expectations. The survey-based inflation expectations have been fairly stable at 1.8% but the distribution has shifted to more forecasters expecting inflation to stay below 2% in five…

Danske Daily – 20 July 2017

New research from Danske Bank Markets Market Movers Today The main event today is the meeting at the ECB with an announcement on the policy rate and quantitative easing (QE) due at 13:45 CET followed by President Mario Draghi’s press conference, due to start at 14:30 CET. We expect the ECB to remove its readiness…

Danske Daily – 19 July 2017

New research from Danske Bank Markets Market Movers Today It is a very thin calendar today with the only release being US building permits and housing starts in June. Both figures have been on a downward trend for most of this year after being on strong upward trends since 2011. That said, consensus is for…

Danske Daily – 18 July 2017

New research from Danske Bank Markets Market Movers Today The minutes from the Riksbank meeting in July are due for release and could attract additional attention as the Riksbank’s statement made it clear it remains ready to act again if needed and did not contain any signs of hawkishness – thereby deviating from the latest…