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World Sweet Spot Is Nordic as Exports Lift Stocks

Nordic equities are trouncing the developed world as earnings from SKF AB’s ball bearings and Waertsilae Oyj’s ship engines drive Europe’s fastest economies.

Benchmark indexes in Denmark, Sweden and Finland are averaging gains of 22 percent this year, compared with the 4.7 percent advance for the MSCI World Index and a 3.1 percent loss in the Euro Stoxx 50. Analysts have raised profit estimates for the countries more than 20 percent this year, twice the rate of the U.S. and six times the average for companies in the euro area, according to data compiled by Bloomberg.