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

Germany Watch: Navigating Political and Trade Uncertainty

Europe Flash Watch – The German 2025 bazooka!

Geopolitical Flash Update: See you later Scholz!

China/Germany Flash Watch: How will China navigate the Trump victory?

The Drill – Oil is NOT particularly dependent on the US election

The Drill – Time to play the Natural Gas case again?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Another election on the horizon… in Germany?</li><li>Let’s unpack what’s brewing and driving the move in Bunds.</li><li>Chancellor Scholz dismissed Finance Minister Christian Lindner (FDP) yesterday, effectively shattering the already fragile coalition.</li></ul>

Another election on the horizon… in Germany?Let’s unpack what’s brewing and driving the move in Bunds.Chancellor Scholz dismissed Finance Minister Christian Lindner (FDP) yesterday, effectively shattering the already fragile coalition.

Germany on the Brink: Political Chaos, Economic Stagnation, and European Swap Spreads