A move higher

Nordic exchanges are starting the day strongly despite indications to the contrary from pre-market. Renewable Energy Corporation is galloping this morning on a Morgan Stanley upgrade. Norske Skog plummeted yesterday and went so far as to commment on that there are no plans for equity issue right now. The company is only able to raise 150 million Euro out of 300 million in a bond auction leading to such speculation. The company said the current difficult bond market due to macro conditions is to blame.