NORDIC DAYBOOK: Norway Mulls New Rules to Avoid Property Bubble

Norway’s financial regulator may force mortgage lenders to adopt stricter rules in an effort to prevent the biggest household debt burden in more than two decades from fanning a property market bubble.


WHAT TO WATCH: * European Central Bank council member Erkki Liikanen speaks at the Bank of Finland quarterly press briefing in Helsinki, 10 a.m.

COMPANIES: * Codfarmers (COD NO) EGM, 10 a.m. In Oslo * Outotec (OTE1V FH) CEO update call, 1 p.m. * Rocksource (RGT NO) to present at FirstEnergy / Société Générale Global Energy Conference in London * SCA (SCAB SS) hosts Capital Markets Day in Stockholm, 1 p.m. * Veidekke (VEI NO) holds presentation on Scandinavian building market at company HQ’s, noon.

ECONOMY: * Finland August producer prices, 8 a.m. * Forecast for Finland’s economy by the Bank of Finland, 10 a.m.

* Norway central bank auctions treasury bills, 11 a.m.

GOVERNMENT: * July 22 terror suspect Anders Behring Breivik to appear before Oslo District Court for a custody hearing at 1 p.m. * Norway’s Minister of Petroleum and Energy Ola Borten Moe attends meeting of energy ministers in Wroclaw, Poland.

MARKETS: * The OMX Stockholm 30 Index rose 0.3% to 927.15 * Nasdaq OMX Helsinki 25 Index gained 1.1% to 1944.96 * Oslo’s OBX Index closed advanced 0.3% to 340.67 * The Copenhagen 20 Index dipped 0.5% to 347.59

To contact the editor responsible for this story: Frances Schwartzkopff at

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