Danske Markets

Fed helps restore global confidence by signalling rate cutsLeading indicators for global growth have been declining for over a year, US capacity utilisation has been falling since December and...

Market movers today We start the week with the German Ifo index for June. After PMIs last week signalled further improvement in the German manufacturing sector, it will be interesting to see whether...

Market movers aheadThis week's highlight is the much awaited Trump-Xi meeting at the G20 meeting on Friday - Saturday. Odds are rising for a ceasefire (again) in the trade war. It is a slow week for...

Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities DetailsTo read the entire report Please click on the pdf File Below..

Market movers today Today's highlight is the US and euro area PMIs. They will be crucial as pointers of the way the global cycle is going over the summer following the US-China trade war escalation....

Market movers today The key event today will be the Norges Bank meeting, where both consensus and ourselves are looking for a 25bp rate hike, see page 2 and Norges Bank Preview - hiking and...

Key takeaways As growth has moderated, inflation expectations have fallen and uncertainties have increased, the Fed now says it "will act as appropriate to sustain the expansion". We stick to our...

For this issue of Danske's FX Thermometer , clients were asked: (1) rate your central bank's performance, (2) should the Fed, in your opinion, cut rates this year? and (3) do you expect the Riksbank...

Market movers today Following ECB President Mario Draghi's hint at future easing yesterday, it is today the Fed's turn to turn more dovish. At the FOMC meeting tonight we look for the Fed to open the...

On the back of Draghi's speech in Sintra this morning and Benoit Coeuré's interview in the Financial Times yesterday, we change our call for the ECB outlook. We now expect ECB to cut rates by...

It is difficult for markets to be optimistic on the outlook for euro area inflation currently . Indeed, the slide in 5y5y market-based inflation expectations to a new all-time low of 1.13% suggests...

Demand has been slowing in Japan. A record fiscal budget will keep the economy afloat in 2019, along with hoarding effects in the run-up to the VAT hike in October. From 2020 onwards, the economy...

At a glance - Resilient, up to a point The global and especially the European economies have weakened since the middle of 2018, with serious headwinds for German manufacturing and lots of political...

Why won't long-term yields stop falling?First of all, the global uncertainty stirred up by the US-China trade war has continued to set the agenda. There are plans for presidents Trump and Xi to meet...

Market movers today Focus today will be on the ECB Forum at Sintra , where ECB President Mario Draghi will give an introductory speech at 10.00 CEST and also participate in a panel with the Bank of...

Growth recovery to be delayed by further trade war escalation. However, stimulus is set to cushion the drag from higher uncertainty. We look for growth to fall to 6.2% in 2019 from 6.6% in 2018. In...