Norway’s central bank can’t be held accountable for industrial competitiveness and the exchange rate when setting monetary policy, Governor Oeystein Olsen said, as the bank prepares to resume tightening later this year.
“We don’t want to take the responsibility for the currency level nor the overall competitiveness of the manufacturing industry,” he said yesterday in an interview in Oslo.
ALL TIMES CET
WHAT TO WATCH: * Nokia Oyj Chief Executive Officer Stephen Elop speaks to reporters in Helsinki, 7:00 a.m.
MARKETS: * Nasdaq OMX Helsinki 25 Index fell 0.9% to 2,630.66 * The OMX Stockholm 30 Index fell 1.5% to 1,110.69 * Oslo’s OBX Index dropped 0.9% to 403.21 * The Copenhagen 20 Index declined 0.6% to 468.58 * Swedish krona -- U.S. 6.4013 - EU 8.7116 * Norwegian krone -- U.S. 5.7036 - EU 7.7631
EARNINGS: * Schibsted (SCH NO) reported 4Q EPS nk16.7 est. nk14.61 * Aarhuskarlshamn (AAK SS) 4Q, 8:30 a.m. net est. sk156m * Arise Windpower (AWP SS) 4Q, reported net loss sk6.1m vs sk0.9m loss. * Aspiro (ASP SS) 4Q, 8:30 a.m. * BTS Group (BTSB SS) 4Q, 8:00 a.m. * CTT Systems (CTT SS) 4Q, 8:30 a.m. * Dagon (DAG SS) 4Q, 8:30 a.m. * Dios Fastigheter (DIOS SS) 4Q, 8:00 a.m. * Luxonen SA (LUXO SS) 4Q, 9:00 a.m. * Midsona (MSONB SS) 4Q, 8:00 a.m. * Net Insight (NETIB SS) 4Q, 8:30 a.m. * Odd Molly (ODD SS) 4Q, 8:00 a.m. * PartnerTech (PART SS) 4Q * RaySearch (RAYB SS) 4Q, 7:45 a.m. * Sintercast(SINT SS) 4Q, 9:00 a.m. * Traction (TRACB SS) 4Q, 8:30 a.m. * HKScan (HKSAV FH) 4Q, 7 a.m.; net est. EU13.9m * Salcomp (SAL1V FH) 4Q, 7:30 a.m. * Oral Hammaslaakarit (ORA1V FH) 4Q, 7:30 a.m. * Vaisala (VAIAS FH) 4Q, 8 a.m.; net est. EU12.1m * Exel Composites (EXL1V FH) 4Q, 8 a.m. * Aspocomp (ACG1V FH) 4Q, 8 a.m. * Cencorp (CNC1V FH) 4Q * QPR Software (QPR1V FH) 4Q * Yleiselektroniikka (YLEPS FH) 4Q * Aker BioMarine (AKBM NO) 4Q. * Golden Ocean Group LTD. (GOGL NO) 4Q. * Rem Offshore (REM NO) 4Q. * Tomra Systems (TOM NO) 4Q * Infratek (INFRA NO) 4Q * Norwegian Property (NPRO NO) 4Q * Kverneland (KVE NO) 4Q * Sparekassen Himmerland (SPHIM DC), FY.
ECONOMY: * Sweden January house prices. 9:30 a.m. * Finland’s January consumer prices, 9 a.m.
COMPANIES * Aker Drilling ASA subscription period for initial public offering closes at 12 p.m. for the retail and employee offering and at 5:30 p.m. for the institutional offering. The company is seeking to raise as much as 3.6 billion kroner ($626 million).
GOVERNMENT: * Finland’s forest industry presents its wish list for the next government, 9 a.m. * Finland’s minister in charge of financial markets Tapani Toelli receives a report on reforms to Finnish securities markets legislation, including the possibility of establishing multi-tiered custody of securities to reduce transaction costs and spur competition in the industry, 10:30 a.m.
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