Daily Archives: April 23, 2012

Expectations of an American Moderate GDP Figure of 2.5% q/q

Next week is set to have some quite interesting events in terms of US data releases. On Wednesday Chairman Ben Bernanke will mark the end of the two-day FOMC meeting by holding a press conference. Danske expect the statement to … Continue reading

Posted in Banking, Foreign Exchange, International Payments, Money Transfers | Tagged , , , , , , ,

Victory for Francois Hollande in First Round French Presidential Elections

There are several interesting releases in the Euro area next week. Most important are the preliminary PMIs on Monday. The euro area PMIs have been more or less flat over the last three months. Danske expect a small improvement in … Continue reading

Posted in Banking, Foreign Exchange, Money Transfers | Tagged , , , , , , ,

Is UK in a ‘Technical Recession’?

Preliminary Q1 GDP data Wednesday is relatively interesting after economic activity fell 0.3% in Q4. Two consecutive quarters of decline would imply that the UK is in a technical recession like the eurozone. However, Danske doubt that growth was also … Continue reading

Posted in Banking, Foreign Exchange, International Payments, Money Transfers | Tagged , , , , , , ,