Denmark
Biography
Steen Jakobsen has more than 25 years of experience within the fields of proprietary trading and alternative investment. After finishing his studies in Economics at Copenhagen University in 1989, he started his career at Citibank N.A. Copenhagen from where he moved to Hafnia Merchant Bank as Director, Head of Sales and Options. In 1992, he joined Chase Manhattan in London as VP, Head of Scandinavian Sales, and then the Chase Manhattan Proprietary Trading Group. From 1995-1997 he worked as a Proprietary Trader and Head of Flow Desk at Swiss Bank Corp., London. In 1997, he became Global Head of Trading, FX and Options at Christiania (now Nordea) in New York until he joined UBS in New York in 1999 as the Executive Director in the Global Proprietary Group. He joined Saxo Bank in 2000 and after a brief departure to Limus Capital Partners, where he was Chief Investment Officer for two years, he returned to the bank in 2011 as Chief Investment Officer
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Write a Squawk to Steen Jakobsen
  • 2d
    Martin O'Rourke Martin O'Rourke
    Unilever shares fell approximately 10% after the European open before finding some support at around the £35 level. They were at £35.07 at 0857 GMT.
    2d
    fxtime fxtime
    If Mike Pence fails to clarify what (if anything) Trump really intends we will have to await the ''What about Sweden'' faux pas to resurface LOL. Well...
  • 5d
    Martin O'Rourke Martin O'Rourke
    Consumer spending did indeed slide in the UK during January by 0.3% month-on-month after a 1.9% fall m/m in December. It supports the thesis that a post-Brexit...
  • Article / Friday at 8:00 GMT

    Morning Markets: Negative Trump effect spills over to Asia

    Morning Markets: Negative Trump effect spills over to Asia
    The demise of the Trump trade rally on Wall St on Thursday was felt across Asian markets today, with key bourses losing ground. The Nikkei headed sharply lower, with the high yen eroding confidence in the outlook for Japan's export-driven economy. Meanwhile in neighbouring South Korea, the vice-chairman of Samsung, Lee Jae-Yong, was arrested over bribery allegations; the uncertain future for the heir apparent of the global electronics giant weighed on its share price.
    Read the article
  • Squawk / 14 February 2017 at 15:39 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    Yellen testimony before Senate Banking Committee

    Yellen keep March alive as next hike but only barely so: March @ 34% probability - market consensus remain at two hikes

    She avoids fiscal discussion but point to productivity as key component of any plan

    Improvement in economy is "gradual" - and monetary policy remains accommodative - "waiting too long will be unwise", the key phrase

    Uncertainty: Fiscal outlook, productivity and overseas development.

    Gradual, accommodative, and unwise key operative words

    OVERALL:

    She gives bearish bond position enough to sell off, but I doubt March is REALLY in play, do expect some reversal barring surprised in Q&A - It's a typical, safe Yellen on economy and outlook
    Read the Squawk
  • 12 February
    Market Predator Market Predator
    This graph below is serious message. "Y" axe interprets ratio between people in Manufacturing and all employees. It means in 1944 almost 40% of total employment capacity...
    14 February
    MG Morden MG Morden
    In 1944 the world was at war. Whilst there was production it cannot have been too productive but it did save us from a tyranny. The 1950’s...
  • 04 February
    Michael O'Neill Michael O'Neill
    Nice article. Although Mr. Trump would ask "where's the beef?"
    05 February
    Baudi Baudi
    купи банк ес
    06 February
    Michael S. McKenna Michael S. McKenna
    Tyson shares soar 7% following strong earnings report

    "The company reported stronger-than-expected first-quarter earnings and sales and raised its annual outlook, citing strong beef and pork sales. The...
  • 31 January
    Ole Hansen Ole Hansen
    Gold and silver especially have reacted to the latest comment from the US administration. The weaker dollar has sent silver through resistance and it has now recouped...
    31 January
    AlexF AlexF
    Went long Gold yesterday
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