Nordic markets were down slightly to start a new month. Worries of Libya sinking into civil war compounded with rumours regarding potential unrest in Saudi Arabia and confusion over movement of (apparently Bahrainese) tanks cross border started to dour mood of the markets in the afternoon session. Swedish policy makers are pushing for stricter capital rules than what Basel Committee suggests. The local banks are against such a move, saying it will put them at a competitive disadvantage. Banks were under pressure in the region today.
Metso said negotiations with Suzano for the supply of a pulp mill technology to the 1.5 million tonnes greenfield pulp mill scheduled to be built in Brazil have reached an advanced stage. Genmab was down heavily on Arzerra Q4 sales and anticipated royalty income going forward.
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