NORDIC DAYBOOK: Europe Carmakers May Idle Plants on Japan Quake
Volkswagen AG, PSA Peugeot Citroen and other European automakers may be forced to halt production in coming weeks as component suppliers in earthquake-ravaged Japan struggle to restart factories.
ALL TIMES CET
WHAT TO WATCH: * European Union policymakers meet in Brussels to forge a comprehensive package of economic measures, March 24-25. * Watch Nokia after Research in Motion forecast 1Q rev. and profit that missed ests, causing RIMM to tumble after hours.
ECONOMY: * Finland’s retail sales volume for February, 8 a.m. * Swedish February household lending statistics at 9:30 a.m.
GOVERNMENT: * Finland’s Finance Ministry publishes a report on developing the government budget framework system, 10 a.m. * Norwegian Foreign Minister Jonas Gahr Stoere meets Georgian Foreign Minister Grigol Vashadze in Oslo. * Swedish main opposition party Social Democrats holds party congress March 25-27. * Norwegian Socialist Left holds party congress March 25-27.
EARNINGS: * MQ Holding (MQ SS) 2Q, 7:30 a.m. * Biotie Therapies (BTH1V FH) FY, 8 a.m.
CONFERENCES/CORPORATE EVENTS: * Aalborg Boldspilklub (AAB DC) EGM, 9 a.m. * GN Store Nord (GN DC) AGM, 10 a.m. * Swedbank (SWEDA SS) AGM, 11:00 a.m. * IFS (IFSB SS) AGM, 3:00 p.m. * North Media (NORTHM DC) AGM, 3 p.m. * BankNordik (BNORDIK DC) AGM. * Brdr. A&O Johansen (AOJP DC) AGM. * Pohjois-Karjalan Kirjapaino (PKK1V FH) AGM, 12 noon * Elisa (ELI1V FH) AGM, 1 p.m. * Statoil (STL NO) publishes annual report, around 7:30 a.m.
MARKETS: * Nasdaq OMX Helsinki 25 Index rose 1.1% to 2,608.79 * The OMX Stockholm 30 Index climbed 1.2% to 1,127.08 * Oslo’s OBX Index gained 0.9% to 406.13 * The Copenhagen 20 Index advanced 0.4% to 462.06 * Swedish krona -- U.S. 6.32276 - EU 8.9637 * Norwegian krone -- U.S. 5.5568 - EU 7.8786
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