The Nordic markets recovered somewhat from yesterday’s heavy losses. Slight oversubscription of Portuguese debt auction gave a lift at midday, even though it did came at increased costs. Correction in both base and precious metals continues. Additional price curbs for some essentials were introduced in China; this is an annual thing in the winter though. Housing market data from the US continues to be very downbeat.
The Chinese challenger for the duopoly of Airbus and Boing has emerged after years of waiting. The Chinese media is reporting that the national aircraft manufacturer Comac received its first 100 orders for a single-aisle passenger jet C-919 from domestic airliners. Delivery of the planes is scheduled to take place in 2016.
Nuna Minerals quarterly report did not include any surprises. The recent results from gold and REE drillings were highlighted. Analysis data of Minturn iron anomaly are expected in Q4. Paamiut and Sermilik gold projects, Stendalen nickel and copper project and Qaamasoq diamond project were downgraded after disappointing or vague results.
One day after stating that they had ended discussions of a sale of shares in TTS Group ASA and that they will remain as a shareholder, Scana Industrier ASA sold the entire 9.1% stake in TTS at a considerable discount to market price.
Greentech’s CEO Kaj Larsen resigned with immediate effect. The new CEO is
Sigieri Diaz della Vittoria Pallavicini from GWM Group, which owns 28% of Greentech. The new management communicated that they are taking decisive and strong steps to protect Company’s assets.
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