Dankse Bank
Dankse Bank, Institutional
British Pound: Stronger PMIs lean hawkish for BoE – Danske Bank
Danske Research Team notes UK flash PMIs strengthened in October, with the composite rising to 53.1 and new orders growing at the fastest pace in over two years. Employment returned to growth, but input cost inflation hit its highest level since June. The bank judges the release leans hawkish for the BoE ahead its November […]
by Currency Hedger
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- 6 hours ago
Dankse Bank, Institutional
Euro: Weakens against US Dollar amid risk concerns – Danske Bank
Danske Bank highlights weaker Euro sentiment amid rising French CDS spreads, with EUR/CHF declining and EUR/USD briefly falling below 1.12. US and German bond yields also dropped across the curve, while Eurozone consumer confidence weakened more than expected in October. Attention turns to the upcoming flash PMIs, with the composite index expected to ease to […]
by Currency Hedger
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- 3 days ago
Dankse Bank, Institutional
Equities: Defensive rotation but indices near highs – Danske Bank
Danske Bank’s Danske Research Team observes that equities traded mostly lower, with defensives outperforming cyclicals and the SOX declining for a fifth session amid an ongoing AI-related rotation and mixed US bank earnings. However, several indices remain close to all-time highs, which the team interprets as sector rotation rather than broad deleveraging, given a resilient […]
by Currency Hedger
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- 1 week ago
Dankse Bank, Institutional
US Dollar: Fed inflation focus into October FOMC – Danske Bank
Danske Bank strategists highlight September Consumer Price Index (CPI as this week’s key US release, with headline and core inflation expected to edge higher year-on-year despite moderating monthly readings. The Fed will assess whether underlying price pressures are broadening, including those linked to AI investment. They believe only a clear upside inflation surprise would prompt […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Equities: Rotation out of AI as breadth stays positive – Danske Bank
Danske Research Team highlights that global equities finished broadly flat, masking notable rotation as investors cut AI and semiconductor exposure. Europe and defensive sectors outperformed, with consumer staples leading. Despite a marginal S&P 500 decline, breadth remained strong and the equal-weighted index outperformed, challenging narratives of narrow US leadership signalling an imminent broader correction. AI […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Equities: Stable oil and yields support stock gains – Danske Bank
Danske Research Team reports that European and US equities ended Friday higher, with many indices near record levels, supported by broadly sideways yields and Oil prices. The bank stresses this is not a classic cyclical rally, as stabilising Oil has aided consumer sectors, and argues that a further Oil decline could extend equity gains, particularly […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Equities: Valuation reset underpins new highs – Danske Bank
Danske Research Team observes US equities extending their rebound, with the S&P 500 and Nasdaq posting fresh record highs and cyclical laggards leading gains. The team argues markets are not excessively optimistic, noting valuation multiples have compressed over the past year and quarter. They stress that future nominal earnings growth remains the key driver of […]
by Currency Hedger
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- 3 weeks ago
Dankse Bank, Institutional
Equities: Broad catch-up as yields back up – Danske Bank
Danske Research Team report that Equities moved higher on Monday, with the Nasdaq hitting a fresh record and the S&P 500 just 0.3% below its own peak. Gains occurred despite another backup in long‑term yields, with positive market breadth and an unusual sector mix. The move is described as a broader catch‑up session rather than […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Dankse Bank, Institutional
Equities: Strong rebound supported by earnings growth – Danske Bank
Danske Bank’s Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced. The team argues that robust consensus earnings growth of 35% and rising estimates make a sustained equity sell-off difficult, advocating a […]
by Currency Hedger
- 0 Comments
- 1 month ago
Dankse Bank, Institutional
Equities: Consumer sectors under pressure from energy shock – Danske Bank
Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged. The bank notes that selling was concentrated in consumer discretionary and staples, reflecting concerns that higher energy costs will hurt consumers. Despite equities being up over 10% year to date, […]
by Currency Hedger
- 0 Comments
- 1 month ago