Nordic markets were in full retreat mode today led naturally by the high Beta stocks. The fall escalated after Goldman Sachs result came out. Nordea feels the world economy is making a perfect V-recovery.
Nokia has given back most of the recent gains. Today recommendations were cut and the stock slid all the way to 7.64 Euro. The comments from Germany yesterday that NSN is not ready for a spin-off in the near term were also weighing on the stock.
Fashion, clothing, accessories, jewelry and cosmetics stores operator RNB Retail and Brands Q4 net sales totaled 787 million Swedish Kronor and operating result was 47 million. Both numbers were up slightly versus 2009. The stock was down pretty much in line with the wider market.
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