In a reversed image from yesterday, Nordic markets eked a small plus on aggregate having started very fast in the morning. Economic numbers from Great Britain worried investors. Consumer confidence number from the United States printed very strong.
Investment banks are prognosing raw material prices to continue to rise. They say that there are higher inflation expectations observeable and state those as the big story going forward. You can harp if it is before or after the discussion, but the economic actors stating these assumptions explicitly certainly adds to the inflation expectations just the same. They are however stating that gold is topping out and does not work as an inflation hedge in the near term.
Ericsson reported quarterly earnings. Strong development in mobile broadband helped the company to a high single-digit growth year-over-year. The company says that 2G expansion continues to be important. Component supply problem have eased somewhat. Markets liked what they saw and Ericsson climbed 2.5 percent.
Coloplast released its quarterly report ahead of schedule. Coloplast generated 11% growth against comparison period. The company maintains expectations for 2011, with a slight upgrade due to currency issues for DKK guidance. The stock was down
Citigroup feels that Nokia will again disappoint. Additionally, in relatively preditable continuation to reports on 28.12.2010 that Chinese authorities have not yet cleared Nokia’s purchase of Motorola’s network business, Huawei has sued Motorola in the US over the intended sale.
Componenta improved considerably toward the end of 2010. Basware has been outperforming expectations for a while so todays numbers, while showing double digit growth, were less than markets had been hoping for.
Positive results from real estate companies have been a long time coming. Castellum started with a 280 million SEK Q4 and the CEO predicted positive momentum going forward.
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