Key news
– Asian equity markets follow the positive trend from Wall Street yesterday as Chinese export data surprise on the upside.
– In Europe semi-core and peripheral government bond markets continue their strong performance.
– Focus on whether Norges Bank will follow other central banks and cut monetary policy rates. We have an non-consensus call and expect the Norges Bank to be on hold.
Markets Overnight
The positive sentiment continues in the global equity markets on the back of the highly accommodative monetary policy around the world. Yesterday the Reserve Bank of Australia cut monetary policy rates. Furthermore, we have seen some better-thanexpected corporate earnings from the US. The Dow Jones climbed above 15000 and S&P500 rose 0.5% to 1.626.
Click here to read the full report: FX Daily
Danske Bank