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Dear Reader

Spring moves up through Europe with an average of 40 km. per day. When our good friends in Munich say that spring has arrived then there are only three weeks until it reaches Denmark. But this year the arrival is somewhat delayed, however, when it arrives, an explosion of activity spreads across the country where everybody wants to be outdoor. Garden centers, building centers, restaurants with outdoor seating, etc. enjoy the explosive activity and it is quite charming.

The battle about the bond market

The nervousness in the financial markets has gone up in the global financial markets due to rising inflation, rising long-term interest rates, and a pressured stock market, but the situation is under control- at least right now.

Joe Biden and the greenback

A new administration in the US also means that a new Treasury Secretary will govern the American currency policy, where reality might be different compared to the market expectations this time.