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

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Welcome to our now-cast series on EUR-flation.</li><li>We have been banging the drum on dovish surprises in the Euro area for a while, but there are signs of upside risks in April inflation numbers from our price observations made through the month.</li><li>Especially German inflation could surprise on the sticky/high side of consensus.Our overall now-cast projections lean around 0.1%-points above consensus for April.</li></ul>

Welcome to our now-cast series on EUR-flation.We have been banging the drum on dovish surprises in the Euro area for a while, but there are signs of upside risks in April inflation numbers from our price observations made through the month.Especially German inflation could surprise on the sticky/high side of consensus.Our overall now-cast projections lean around 0.1%-points above consensus for April.

EUR-flation Watch: April is hot (in inflation terms)