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Good morning and welcome to Wednesday’s Business Overview, where we’ve been taking a walk around the news picture to gather the biggest business news this morning together for you.
The Danish business community is dynamic and diverse, and we must pass the many rebellious Danes who do not believe that the wolf is coming, Maersk competitors who copy the light blue strategy, and – finally – an export adventure for medical cannabis.
International freight groups copy Maersk’s strategy
Already in 2016, Maersk decided to initiate a transformation from delivering goods from port to port to delivering goods from door to door. Now the competitors are going the same way.
The consulting house Accenture, which has advised Maersk on the door-to-door strategy, has surveyed over 800 international transport companies, and almost half are aiming to expand their so-called end-, two-end logistics service, which is in great demand in the wake of the corona crisis.
The corona closures have created an unprecedented demand for transparent and solid supply chains as well as logistics companies that can take on the task of transporting from door to door, with all that entails of warehousing logistics, shipping and shipping to consumers’ homes.
And that demand, according to Accenture, is unlikely to subside for the time being.
After a bad start: Danish cannabis prepares for export adventure
After a year-long obstacle course, the fog is now beginning to lift over the Danish cannabis producers.
The largest Danish company for medical cannabis, Aurora Nordic, has seriously started exporting and is approaching its capacity ceiling. Exports to Germany in particular are booming, and a decision must be taken shortly to expand production, writes Finans.
“We have continuously hired employees and still do. We sit closest to each other’s thighs and have built barracks to accommodate everyone, says the company’s director Marianne Hundtofte Nielsen.
Warnings about interest rate rises bounce off: Danes do not believe the wolf is coming
The broad Danish population does not have much confidence in economists and financiers, who warn of future interest rate rises. In fact, half of Danes believe that interest rates will remain unchanged or even fall over the next 12 months, which is in sharp contrast to the experts’ reports.
It shows a study from the pension company Velliv, which was conducted by the research institute Userneeds.
»The ordinary Dane has become accustomed to the fact that interest rates have fallen and fallen and fallen. We have been able to read on an annual basis in the media that now the interest rate is going to rise, and yet we have not had rising interest rates. On the contrary, it has moved further and further down. So therefore it is not the big surprise that when you have shouted “the wolf is coming” enough times, in the end you do not believe that the wolf is coming, “says Anders Stensbøl Christiansen, investment director at Velliv. Read the article here.
Three factors that investors should keep an eye on
Per Hansen, investment economist at Nordnet, currently focuses on these three points:
From the key figures front, investors are keeping an eye on PMIs from Germany, the Eurozone and the United States.
2. AMBU in particular, but also Novo Nordisk, had a tough share ride on Tuesday, when investors replaced the high-priced Danish pharmaceutical shares with cyclical shares. Will that trend continue on Wednesday?
3. In the United States, there were equity euro and selected technology stocks got with the price rough. One of the reasons is that US interest rates are on the rise and continued rises, which are very realistic, could mean a turbulent year for technology stocks. If you keep an eye on the growth stocks, you should also do more than just squint at the interest rate development.
It happens in the markets
US closing rates Tuesday
Dow Jones +0,59 procent
S&P 500 -0,06 procent
Nasdaq -1,33 procent
Index Wednesday at 06.30
Japan Nikkei 0.00 percent
Hong Kong Hang Seng -1.21 percent
China CSI -0.92 percent
Source: www.berlingske.dk by www.berlingske.dk.
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