Danske Daily – 2 November 2017

New research from Danske BankMarket movers today Today’s most important event is the Bank of England meeting in the UK. We expect BoE to hike the Bank Rate by 25bp to 0.50% from 0.25% in line with consensus and market pricing (rate announce at 13:00 CET, Carney’s press conference at 13:30 CET). As the hike…

Danske Daily – 30 October 2017

New research from Danske BankMarket movers today Globally, we do not have many important data releases due today but the week is going to be interesting. US PCE inflation data may attract some attention today but note that we implicitly got the data in connection with Friday’s first estimate of Q3 GDP. Assuming no revisions…

Weekly Focus: Packed week, with central banks in focus

New research from Danske Bank Market Movers ahead A host of important data is due out of the US next week, as well as the November FOMC meeting taking place. The meeting is not expected to yield much news. We still expect PCE inflation to be subdued, whereas the labour market report for October should…

Danske Daily – 27 October 2017

New research from Danske BankMarket movers today After an intense central bank day yesterday, the data calendar is fairly thin today and hence market focus will probably be on absorbing yesterday’s policy message from the ECB. Russia. The central bank (CBR) will release its decision today. While a 25bp cut to 8.25% is widely expected…

Danske Daily – 26 October 2017

New research from Danske BankMarket movers today The big event of the day is the ECB meeting. The QE extension details are set to be released at 13:45 CEST in the ‘monetary policy decision’ press release, while other technicalities will first be announced in the press conference at 14:30 CET. We expect the ECB to…

Danske Daily – 25 October 2017

New research from Danske BankMarket movers today In Germany, we get the Ifo expectations, which we expect to rise further to 107.9 in October, in line with the improved economic expectations indicated by the ZEW October release last week. In the UK, we are set to get the first estimate of Q3 GDP growth. According…

Danske Daily – 24 October 2017

New research from Danske BankMarket movers today In the euro area, PMIs are released. Manufacturing PMI has been on a rising trend since August 2016, getting close to the post-financial crisis peak of 59.0 in February 2011. In October, we expect manufacturing PMI to remain around the current level of 58.1, as the stronger euro…

Danske Daily – 23 October 2017

New research from Danske BankMarket movers today In a week relatively quiet on data releases, the main focus in financial markets will be on the ECB, Riksbank and Norges Bank’s meetings on Thursday. We expect the ECB to announce a QE extension of nine months at a pace of EUR30bn, while we do not expect…

Market Guide – Here in Q4, central banks will set the direction for 2018

New research from Danske Bank Markets Nordic outlook: moving closer together We expect the ECB to extend QE by nine months at EUR30bn per month The Fed is on track for a December hike EUR/USD range trading for now but still higher in 2018 Market Guide – Here in Q4, central banks will set the…