Danske Daily – 8 September 2017

New research from Danske BankMarket movers today With little interesting data out markets will focus on the situation in North Korea, the hurricane Irma hitting Florida and further digest the ECB meeting yesterday. North Korea is expected to launch another Interballistic Missile (ICBM) tomorrow when it celebrates its founding day. China voiced support yesterday for…

Danske Daily – 7 September 2017

New research from Danske BankMarket movers today Today’s most important event is the ECB meeting. The announcement will take place at 13:45 CET and Mario Draghi’s press conference begins at 14:30 CET. We do not expect any major announcements, as the ECB has hinted that there will be no decision on the QE programme before…

Danske Daily – 6 September 2017

New research from Danske BankMarket movers today In the US, the ISM non-manufacturing index in August is due out today. We believe the fall in July was too big and that it will have recovered some of the lost ground in August. Hence, we estimate the ISM non-manufacturing will come in at 55.0, which is…

Research Poland: Polish economy powering ahead amid external tensions

New research from Danske Bank During our visit to Warsaw on 28 and 29 August we met with key policy institutions, local experts and private banks. Political risk premium has flared up again following the latest spat between the Polish government and the EU. The Polish economy continues to power ahead driven by solid private…

Danske Daily – 5 September 2017

New research from Danske BankMarket movers today In euro area, euro area retail sales figures for July are due out. Retail sales have shown monthly growth in every month in H1 17, with the exception of April. As consumer confidence remains high, we still expect to see positive growth in retail sales of 0.3% m/m…

Flash Comment Denmark: No need for FX intervention in August

New research from Danske Bank The Danish FX reserve was unchanged at DKK464bn in August. It marks the fifth month in a row when Danmarks Nationalbank has stayed on the sidelines in the FX market. We forecast EUR/DKK at 7.4400 on 1-12M and for DN to keep the key policy rate unchanged at minus 0.65%…

Danske Daily – 4 September 2017

New research from Danske BankMarket movers today In the US, markets are closed due to Labour Day. In Denmark, we are due to get FX reserves data for August, which we believe is likely to show that Danmarks Nationalbank has not intervened in the FX market. In the euro area, the Sentix investor confidence is…

Weekly Focus: Strong EUR is a headache for ECB

New research from Danske Bank Market Movers ahead We do not expect any announcements at next week’s ECB meeting , as the ECB has hinted that there will be no decision on the QE programme before the October meeting. Instead, the focus is likely to be on how big a problem the current pace of…

Danske Daily – 1 September 2017

New research from Danske BankMarket movers today Today all eyes will be on the US labour market report. Focus remains on the unemployment rate and wage growth as these remain crucial for the Fed’s decisions on quantitative tightening. In line with the continued growth in employment, we expect further declines in the unemployment rate over…

Flash Comment – Denmark: Solid Danish economic upturn continues

New research from Danske Bank Today’s Danish GDP figures were slightly better than initially accounted for two weeks ago. The upturn has proved itself very robust and surprised on the upside this year. Growth in Q2 was driven primarily by public demand but overall both exports and private consumption look solid. Business investments are still…