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.

Macro and Geopolitical Research House

EM by EM #31: It’s Time for Milei to Grapple with the Real World

EM by EM #27 Not a Bazooka, but a Pumpgun

EM by EM #26: Biden, Blinken, Barrels & Beijing

EM by EM #28 The Truth Hidden in Plain Sight

Head of Research, Steno Research

Emil Moller

Head of Research

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul><li>Here at Steno Research, our primary concern has been growth rather than inflation since around the end of H1.</li><li>While this divergence is gradually gaining mainstream recognition, emerging markets have been well ahead of the curve.</li><li>Consequently, disinflationary surprises continue to be prevalent.</li></ul>

Here at Steno Research, our primary concern has been growth rather than inflation since around the end of H1.While this divergence is gradually gaining mainstream recognition, emerging markets have been well ahead of the curve.Consequently, disinflationary surprises continue to be prevalent.

Hang Seng China Enterprises Index (HSCEI INDEX)

Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

Shenzhen Stock Exchange Composite Index (SZCOMP INDEX)

EM by EM #29: Biden’s Party, EM’s Hangover & Scholz’s Nightmare