Saturday, February 16, 2013

European stock exchange, dragged down by Negative Novo Nordisk

Bursa Eropa Negatif, Terseret oleh Novo Nordisk

Monexnews-

European stock exchanges slid, extending the decline in two weeks, along with the shares of Novo Nordisk A/S experienced a significant decline in the last four years. U.S. index futures only a few moves, while most Asian bourses were closed for the lunar new year.

Novo Nordisk shares are down about 15 percent in Copenhagen after failing to get support from the u.s. for the new insulin. Meanwhile, shares of Royal Ahold NV rally around 5 percent after it agreed to sell 60 percent of its shares to ICA, which is Sweden's largest food retailer, for $ 1.9 billion. Bilfinger shares strengthened of SE 1 percent after the construction company Jermna reported earningsnya that the result exceeded Analyst estimates.

"Pausing to take a breath is quite reasonable," said Henry Dixon, a financial manager at Matterley Ltd. in London, who told Mark Barton at Bloomberg Television in London. We've got "a good start to the year."

Meanwhile, the Ministers of the European zone will meet today to discuss aid for Cyprus and Greece as the tight election in Italy and the existence of a political scandal in Spain that threatens to reignite a debt crisis in the region. The head of the G-20 finance and central bank are to meet in Moscow on Friday.

(fsyl)



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Title Post: European stock exchange, dragged down by Negative Novo Nordisk
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Author: Mohammad Zulfi Satriawan

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