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

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Taking a look at the recent NFP report, it is evident that the services sector is clearly what holds the labor market up</li>
<li>We are beginning to see the first signs of a dramatic slowdown in the services and manufacturing sector judging by the ISM figures</li>
<li>NFP might not tell the true story about the labor market based on the technicalities of the survey</li>
</ul>


Taking a look at the recent NFP report, it is evident that the services sector is clearly what holds the labor market up
We are beginning to see the first signs of a dramatic slowdown in the services and manufacturing sector judging by the ISM figures
NFP might not tell the true story about the labor market based on the technicalities of the survey


Labor Watch - Hairdressers and Cleaning Ladies Are Holding the Labor Market Above Water