Market movers ahead

Danske Bank Markets:

At the upcoming FOMC meeting we will get full information with updated projections, the FOMC statement and a subsequent press conference. 

In the euro area, the negotiations between Greece and the three creditor institutions - EU, ECB and IMF - continue. It is still our view that an agreement will eventually be reached, but probably not before the negotiation partners are close to a deadline that is perceived as non-breakable. 

In the UK, the focus is on MPC minutes, wage growth and the unemployment rate. 

It is unlikely the Bank of Japan will announce any new easing measures on Friday. 

We expect Norges Bank to cut the policy rate by 25bp at its policy meeting on Thursday. This is in line with both consensus and market expectations. The focus is on the updated projection path for the policy rate. 

In Denmark, the general election is to be held on Thursday 18 June. The election outcome should not have any major impact on the Danish economy.