Today, we discuss why restrictions in Europe are likely to remain in place for many months but why the bar for broad lockdowns similar to those in the spring is high. We also discuss why fiscal and monetary policy are set to remain stimulative for a long time and how policymakers will have to factor inequality and crisis persistence into their reactions.

Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Chief Economist Denmark Las Olsen.

Today, we discuss why we think the EU and UK are moving closer to each other in the negotiations, the difference between a deal and no-deal and the implications for financial markets. We also discuss the medium-term implications for the UK economy, whether the UK could become Europe’s Singapore and the implications of the US election.

Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Senior Analyst and UK economist Mikael Olai Milhøj.

Today, we discuss the scenarios for the global economy and what they imply for equities. We argue that growth will slow and risks are skewed on the downside but a possible double-dip recession in 2021 could ease in the later part of the year due to new stimulus and support from China. The balance of risks is for equities to head higher.

Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Head of Macro and EM Research Jakob Ekholdt Christensen and Senior Equity Strategist Bjarne Breinholt Thomsen

Today, we discuss the US election and the implications for the economy and equities. We discuss the degree to which a united democratic government would lead to a demand boost and how this compares with a republican sweep. We discuss the implication of the election for the US’s approach to China and how we believe it will affect global equities. Global Head of FI&C Research Thomas Harr chairs today’s podcast and is joined by US economist Mikael Olai Milhøj and Senior Equity Strategist Bjarne Breinholt Thomas.

Today, we discuss why we expect Norges Bank to lift the rate path this week, signalling a full rate hike by Q2 22. We argue why, from a risk-reward perspective, it makes sense to position for higher short-end and belly rates, while any NOK strength is likely to be short lived. We also discuss whether the Fed’s FAIT has implications for the Riksbank. Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Chief Strategist Kristoffer Kjær Lomholt and Chief Economist for Sweden Michael Grahn.

Today, we discuss what could drive much higher inflation rates over coming years. We discuss a fast recovery, the Fed’s change and its influence on the ECB, monetary financing of expansionary fiscal policies and a political shift to a progressive left in the US and Germany. Global Head of FI&C Research Thomas Harr chairs today’s podcast and is joined by US economist Mikael Olai Milhøj, Euroland economist Aila Mihr and ECB economist and FI strategist Piet Christiansen.

Today, we discuss whether the volatility experienced in particularly equity markets late last week is set to continue. Positioning and retail involvement suggest that more is in store but the macro-drivers - vaccine developments and Fed action – for the reflation theme to continue are still very much in place. We discuss the rotation dynamics in equities and the primary market’s influence on the secondary outlook in credit.

Global Head of FI&C Research, Thomas Harr chairs today’s podcast and he is joined by Senior Equity Strategist Bjarne Breinholt Thomsen and Credit Strategist Mark Naur.

The phasing out of COVID-19 support measures is set to affect people and companies in the Nordic countries. We discuss whether the end of support schemes will lead to higher unemployment rates and bankruptcies in the region.

Global Head of FI&C Research Thomas Harr chairs today’s podcast and is joined by Chief Economist Las Olsen and Head of Scandi Strategy Arne Lohmann Rasmussen

The reflation theme has dominated financial markets in recent months, driving stocks higher, depressing credit risk premiums and weakening the USD. However, over the past week inflation expectations dipped, the USD stabilised and nominal yields drifted lower. We discuss whether the reflation theme is now dead, or whether this is just a pause before the next acceleration. Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Senior FX Strategist Lars Merklin and Credit Analyst Mark Naur.

The reflation theme is broadening, with higher yields and steeper curves. However, is the recent financial performance as good as it gets and how do future risks compare with current market pricing and thereby expected return? We argue that equities are not expensive and discuss the link between interest rates and equities. The vaccine and the Fed are set to drive risk premiums and returns across assets. Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Senior Equity Strategist Bjarne Breinholt Thomsen