Bloomberg News

NORDIC DAYBOOK: Novo Nordisk Loses Patent Ruling Over Prandin

January 20, 2011

Novo Nordisk A/S (NOVOB), the world’s biggest maker of insulin, lost a U.S. court ruling that may let competitors create generic versions of its Type 2 diabetes treatments Prandin and PrandiMet.

ALL TIMES CET

WHAT TO WATCH: * Sweden’s Riksdag Finance Committee open hearing on developments on housing market at 11:00 a.m. to 1:00 p.m. Financial Markets Minister Peter Norman and Riksbank Deputy Governor Barbro Wickman-Parak among participants. * OECD Report on Swedish economy with presentation by Secretary General Jose Angel Gurria and Finance Minister Anders Borg in attendance at 9:00 a.m. News conference set for 11:30 a.m. * Hewlett-Packard Co. (HPQ:US) sponsors discussion of LTE telecom services at Aalto University in Helsinki at 5 p.m.

ECONOMY: * Norway central bank publishes survey of fourth-quarter bank lending at 10 a.m. * Norway central bank publishes regional network survey of enterprises at 10 a.m. * Statistics Denmark publishes Jan. consumer confidence indicator at 9:30 a.m.

MARKETS: * Nasdaq OMX Helsinki 25 Index fell 2.1% to 2,640.51 * The OMX Stockholm 30 Index declined 2.0 percent to 1,155.64 * Oslo’s OBX Index fell 1.8% to 397.940 * The Copenhagen 20 Index declined 1% to 470.32 * Swedish krona -- U.S. 6.6240 - EU 8.9203 * Norwegian krone -- U.S. 5.8198 - EU 7.8381

EARNINGS: * Orc Software (ORC SS) 4Q, 8:00 a.m (Net SK16M) * Investor AB (INVEA) 4Q, 8:15 a.m. * Avanza (AZA SS) 4Q, 8:15 a.m. (Net SK65M) * Sony Ericsson (237523Z LN) 4Q, 8:30 a.m.

GOVERNMENT: * The Prime Ministers of the U.K., Sweden, Denmark, Finland, Norway, Iceland, Estonia, Latvia and Lithuania are meeting in London.

BLOOMBERG TV: * U.K. Prime Minister David Cameron hosts Nordic, Baltic leader summit, 2:30-3:30 p.m.

To contact the editor responsible for this story: Gelu Sulugiuc at gsulugiuc@bloomberg.net


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