Geopolitical Analyst, Steno Research, Steno Research

Mikkel Rosenvold

Geopolitical Analyst, Steno Research

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul>
<li>Welcome to this week’s edition of the Great Game.</li>
<li>We give you our take on the hottest geopolitical topics of relevance to your portfolio.</li>
<li>This week, we cover the 3 biggest geopolitical risks for markets right now and what to look our for.</li>
</ul>


Welcome to this week’s edition of the Great Game.
We give you our take on the hottest geopolitical topics of relevance to your portfolio.
This week, we cover the 3 biggest geopolitical risks for markets right now and what to look our for.


Great Game – The 3 Biggest Geopolitical Risks for Markets Right Now

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

<ul><li>Takeaways: Energy freight rates still not reacting to troubles in the Red Sea</li><li>This week saw another increase in container freight rate.</li><li>Seasonality working against higher freight rates. <em><span style="font-weight: 400;">That changes by April. </span></em></li></ul>

Takeaways: Energy freight rates still not reacting to troubles in the Red SeaThis week saw another increase in container freight rate.Seasonality working against higher freight rates. That changes by April. 

Suez and EIA Watch – Demand / Supply Getting Out of Balance?

Head of Research, Steno Research

Emil Moller

Head of Research

<ul><li>Takeaway:China serves as the primary deflationary force in the global macroeconomic landscape.</li><li>Despite China’s slowing growth, potential policy responses might paradoxically exacerbate deflationary pressures.</li><li>We anticipate rising inflation risks linked to potential supply shocks resulting from geopolitical developments.</li></ul>

Takeaway:China serves as the primary deflationary force in the global macroeconomic landscape.Despite China’s slowing growth, potential policy responses might paradoxically exacerbate deflationary pressures.We anticipate rising inflation risks linked to potential supply shocks resulting from geopolitical developments.

EM by EM #39: All Roads Out of China Lead to Goods Disinflation

<ul><li>Takeaways: Price increases in goods likely to show up in Europe after the Summer</li><li>Watch out for energy prices once we start to fill up for next heating season</li><li>The recent turmoil in freight rates will likely exacerbate the divergence between US and the Eurozone</li></ul>

Takeaways: Price increases in goods likely to show up in Europe after the SummerWatch out for energy prices once we start to fill up for next heating seasonThe recent turmoil in freight rates will likely exacerbate the divergence between US and the Eurozone

Energy Cable: 4 Charts that Should Keep Largarde up at Night

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

<ul><li>Welcome to our Energy/EIA watch; we continue to see extraordinary strong demand for energy in the US, but weaker demand in Europe and China.</li><li>Meanwhile, the situation worsens in the Red Sea.</li><li>Oman begins an investigation into the hijacking of an oil tanker in the Gulf of Oman as Iran’s semi-state agency Tasnim confirmed that Iran was behind the hijacking.</li></ul>

Welcome to our Energy/EIA watch; we continue to see extraordinary strong demand for energy in the US, but weaker demand in Europe and China.Meanwhile, the situation worsens in the Red Sea.Oman begins an investigation into the hijacking of an oil tanker in the Gulf of Oman as Iran’s semi-state agency Tasnim confirmed that Iran was behind the hijacking.

Energy Watch: Red Sea Situation Is Worsening with Spill-Overs to Energy

Norway

The Baltic Dry Index (replaces the Baltic Freight Index): A composite of the Baltic Capesize, Panamax, Handysize and Supramax indices. The index is designed as the successor to the Baltic Freight Index and was first published on January 4 1985 at 1000 points.Last day of trading yr - Christmas Eve

Baltic Dry Index (BDIY INDEX)

Great Game – The 3 Biggest Geopolitical Risks for Markets Right Now

We give you our take on the hottest geopolitical topics of relevance to your portfolio. This week, we cover the 3 biggest geopolitical risks for...

Steno Research

Suez and EIA Watch – Demand / Supply Getting Out of Balance?

Takeaway: Energy freight rates still not reacting to troubles in the Red Sea, with this week seeing another increase in container freight rate.

Steno Research

EM by EM #39: All Roads Out of China Lead to Goods Disinflation

Takeaway: China serves as the primary deflationary force in the global macroeconomic landscape. Despite China’s slowing growth, policy responses...

Steno Research

Energy Cable: 4 Charts that Should Keep Largarde up at Night

Takeaways: Price increases in goods likely to show up in Europe after the Summer. Watch out for energy prices once we start to fill up for next...

Steno Research

Energy Watch: Red Sea Situation Is Worsening with Spill-Overs to Energy

Welcome to our Energy/EIA watch,We continue to see extraordinary strong demand for energy in the US, but weaker demand in Europe and...

Steno Research