Nordic Stocks Close Higher -- Market Talk
May 05 2017 - 12:45PM
Dow Jones News
1615 GMT - Nordic markets closed higher Friday after getting a
boost from an upbeat US jobs report. Sweden's OMXS30 index ended
the day 0.2% higher, the pan-Nordic OMXN40 index up 0.4% and Oslo's
oil-heavy OBX index ended the day 1.8% higher. "The robust 211,000
increase in non-farm payroll employment in April confirms that the
more modest 79,000 increase in March was just a weather-related
blip," says Capital Economics. "All things considered, a solid
report that shows labour market conditions are now unusually tight.
The Fed will respond accordingly." Shares in Vestas Wind Systems
had a strong day after reporting a forecast-beating rise in 1Q net
profit following strong sales in the US, Germany and China. It says
it's backing full-year guidance. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 05, 2017 12:30 ET (16:30 GMT)
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