Danske Daily economic update

20-03-2018

Market movers today

With no major data releases, financial markets are likely to be in wait-and-see mode ahead of the FOMC meeting tomorrow.

The G20 finance ministers and central bank governors' meeting in Buenos Aires finishes today, where the statement on trade will be particularly interesting.

In Denmark, data for consumer confidence is due, which had a strong start to 2018, with increases in January and February taking the indicator to its highest level since July 2017. We expect the mood to remain upbeat in March and estimate an unchanged score of 8.5.

Sweden's Riksbank Deputy Governor Henry Ohlsson is scheduled to speak about the economic situation and current monetary policy today.

In Norway, focus turns to the opposition's vote of no confidence in the Minister of Justice Sylvi Listhaug after a Facebook update last week. The vote could ultimately result in Prime Minister Erna Solberg deciding the newly-formed government resign. For markets, however, the impact should be modest even in a situation where the government resigns.

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