Research Euroland
9
0
Denmark: Equity losses dampen consumption
Tue, Nov 11 2008, 16:17 GMT
by Frank Øland Hansen
• Danish households have lost around DKK 400bn on the stock market and DKK 170bn on the housing market in just over a year.
• The loss on equities means that private consumption next year will be around DKK 4bn lower than would otherwise have been the case - while in 2010 it will be all of DKK 7.5bn lower. This is the equivalent of shaving half a percent off consumption next year and almost a full percent in 2010.
• Shrinking home equity will dampen consumption growth further, meaning overall consumption will be DKK 6bn (0.75%) lower next year and DKK 11bn (1.4 %) lower in 2010 than it would have been without the downturns in the equity and housing markets.
Published on Tue, Nov 11 2008, 16:17 GMT
Archive
- Denmark: Equity losses dampen consumption
Published On Tue, Nov 11 2008, 16:17 GMT - Euroland: Public finances shattered by crisis
Published On Wed, Nov 5 2008, 09:59 GMT - Denmark: Biggest drop in inflation since 1990
Published On Thu, Oct 30 2008, 14:18 GMT - Russia: The party is over
Published On Mon, Oct 27 2008, 13:56 GMT - CEE: Fighting an uphill battle
Published On Thu, Oct 23 2008, 16:36 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Market Session Snap-Shot - Asian Session - Equities Rally Back by ACM - Advanced Currency Markets
Wed, Dec 3 2008, 11:50 GMT
European Market Update - Thai Central Bank cuts benchmark interest rate by 100bps to 2.75% by TradeTheNews.com
Wed, Dec 3 2008, 11:28 GMT
Asia Market Update - Asian automakers' November sales sink to multi-year lows, USD stages late- session rally by TradeTheNews.com
Wed, Dec 3 2008, 10:02 GMT
FX Daily Update - Another Day Another Dollar Rise! by FXstreet.com Independent Analyst
Wed, Dec 3 2008, 09:59 GMT
Daily Options Intelligence Report - Research in Motion takes a tough hand-off from Palm by Interactive Brokers LLC
Wed, Dec 3 2008, 08:20 GMT
denmark, euroland, equities, housing, stocks
View AllRelated content
CANADA STOCKS-TSX ends lower as Nexen deal talk dissipates
Thomson Financial News | Wed, Dec 3 2008, 22:34 GMT
UPDATE 1-Republic, Allied Waste to divest assets to do deal
Thomson Financial News | Wed, Dec 3 2008, 22:31 GMT
UPDATE 3-Legg Mason's Miller: 'Bottom's been made' in stocks
Thomson Financial News | Wed, Dec 3 2008, 22:18 GMT
ADVISORY-UK Halifax house price index for Nov due Dec 4
Thomson Financial News | Wed, Dec 3 2008, 17:14 GMT
UPDATE 1-US mortgage applications post largest gain ever
Thomson Financial News | Wed, Dec 3 2008, 16:55 GMT
denmark, euroland, equities, housing, stocks
View AllInterested in forex trading? forex brokerage firms!
  Contact the broker/FDM Open a demo account  | Contact the broker/FDM Open a demo account |  Contact the broker/FDM |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM Open a demo account |
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.