Nordic Stocks Close Higher -- Market Talk

FeaturesDow Jones Newswires

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. (

(END) Dow Jones Newswires

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May 05, 2017 12:30 ET (16:30 GMT)