Main Market movers today – Danske Bank

The Research Team at Danske Bank is out with its daily list of the key market moving events.

Key Quotes:

“There are no significant economic data releases on the calendar, so financial markets will continue to focus on the rise in global yields and its implications for risk assets, including emerging markets.

In Turkey, central bank rate decision is announced today. While the recent TRY weakness has brought more intrigue into the decision, last week's TRY's rally on Erdogan's early election plan is bringing some relief, keeping the central bank away from a hike, we believe. We expect the benchmark repo rate to stay at 8.00%, although the late-liquidity window rate may be raised, which is the most relevant monetary policy rate at the moment.

In Sweden, residential developer Bonava presents its Q1 earnings report which might attract some attention as construction activity is important from a growth perspective.”