Finland's economy continues detoriating
Aug 20, 2015 07:00 am UTC| Commentary
The flash estimate of the Finnish Q2 GDP was simply awful. Against expectations of a reading around flat, the numbers suggest GDP contracted by 0.4% q/q, marking the fourth consecutive quarter of contraction in a...
Riksbank to prevent undue strength of SEK
Aug 20, 2015 07:00 am UTC| Commentary
The SEK was under pressure from mid-July until recently as market participants increasingly bet in the direction of a hawkish Fed and a soft Riksbank (buying USD/SEK). EUR/SEK temporarily decoupled from the fixed income...
Riksbank’s QE likely in September
Aug 20, 2015 06:46 am UTC| Commentary
Riksbanks QE will speed up after the summer holidays, and it is massively larger than ECBs relative market size. By end of August Riksbank will have bought more than 14 % of the stock while ECBs number is less than 4%,...
Danish Callable market continues to be stable
Aug 20, 2015 06:32 am UTC| Commentary
The Danish callables market has stabilised for now, after the first half of 2015 which gave us massive issuance and early redemptions. The likelihood of large-scale early redemptions has now fallen greatly as outstanding...
Danish Central Bank's accelerating intervention in FX market
Aug 20, 2015 06:27 am UTC| Commentary
Since the beginning of April, the Danish central bank has bought Danish kroner for around DKK 160bn to counter an unwarranted weakening of the currency against the euro. This relatively strong intervention has triggered a...
Swedish economy to post 3% growth rate in 2015
Aug 20, 2015 06:20 am UTC| Commentary
The Swedish economy has developed pretty much as expected since the Riksbanks monetary policy meeting in July. Growth seems to be set for close to 3 % this year, employment and labour supply continue to increase (making...
Chinese economic activity could pose risks to U.S. economic outlook
Aug 20, 2015 06:10 am UTC| Commentary
The low level of inflation and wage inflation is creating doubts in the U.S. economy. Some participants cited downside risks to inflation, pointing to the absence of any noticeable response of inflation to the reduction in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects