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

Bank of Jiujiang - Rare Announcement Expecting at Least 30% Profit Decline

Capital Securities - Just Added to FTSE All Word Index, but Fundamentals of Concern

Portfolio Watch: What if We Add a Rate Cut to This Fire..

Elias Lisberg Glistrup

Macroeconomics

<ul><li>Macro Portfolio: Markets sniffing out the Chinese resurgence case. Our conviction in pro-cyclical trends have been confirmed in markets this week, and the case for a Chinese revitalisation is becoming increasingly stronger.</li><li>The continued surge in Copper this morning is noteworthy, particularly given the buildup of inventory by China in the past few months.</li><li>An increasing stockpile can be a positive indicator, especially if it results from a deliberate effort by China to restock in anticipation of an economic stimulus.</li></ul>

Macro Portfolio: Markets sniffing out the Chinese resurgence case. Our conviction in pro-cyclical trends have been confirmed in markets this week, and the case for a Chinese revitalisation is becoming increasingly stronger.The continued surge in Copper this morning is noteworthy, particularly given the buildup of inventory by China in the past few months.An increasing stockpile can be a positive indicator, especially if it results from a deliberate effort by China to restock in anticipation of an economic stimulus.

Portfolio Watch: Markets sniffing out the Chinese resurgence case