Benchmark Stoxx Nordic 30 rallies 1.3% to 5,884.50. OMX Stockholm 30 Index rises 1%; OMX Copenhagen 20 up 2.8%; OMX Helsinki 25 Index increases 2.6%; OBX Oslo Index climbs 1.8%. Europe’s Stoxx 600 rises 2.2%.
ADVANCERS: *Danske Bank (DANSKE DC) +4.2%; Danish govt presents proposal to encourage bank mergers. **Sydbank (SYDB DC) +5.7% **Ringkjoebing Landbobank (RILBA DC) +2.5% *Nordea (NDA SS) +1.7%; European banks soar as several countries issue short-selling bans **SEB (SEBA SS) +2.4% *Nokia (NOK1V) +4%; Huawei plans U.K. smartphone debut taking on Android makers *Tryg (TRYG DC) +4.6%; upgraded to buy from hold at Berenberg; European insurers rise 4.4% in the Stoxx Europe 600 following short ban. **Storebrand (STB NO) +4% **Gjensidige (GJB NO) +2% *Renewable Energy (REC NO) +10.1%; SMA Solar 2Q beats, keeps outlook *Ericsson (ERICB SS) +1.7%; upgraded to buy from neutral at BofA/Merrill *A.P.Moller-Maersk (MAERSKB DC) +1%; raised to buy from hold at DnB NOR
DECLINERS: *Aker Solutiuons (AKSO NO) -8.4%; 2Q net NK134m vs est. NK389m *Novozymes (NZYMB DC) -2.9%; in 2-day decline following 2Q report *Vestas (VWS DC) -2.4%; Danske Equities says company will issue FY11 profit warning and sees a tangible risk of further EPS(12) reductions
To contact the reporter on this story: Peter Levring in Copenhagen at email@example.com
To contact the editor responsible for this story: Christian Wienberg at firstname.lastname@example.org