Danish banks may get better access to funding as the country’s bail-in laws look set to spread, ending Denmark’s isolation, as global regulators call for stricter resolution laws for the biggest lenders.
Matas A/S, the Danish drugstore chain that held an initial public offering in June, rose the most since its first day of trading in Copenhagen, as three banks recommended buying the stock due to its dividend yield.
Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the Fed will probably need to raise interest rates before mid-2013 and that policy makers should have waited to see how the economy performed before pledging to hold rates at record lows for two years.
Veloxis Pharmaceuticals A/S fell the most in 11 days in Copenhagen trading after Danske Markets said the Danish maker of treatments for organ transplant patents faces pressure from a rival product by Astellas Pharma Inc.
Ossur Hf, the prosthetics maker whose artificial feet are used by Olympic runner Oscar Pistorius, rose the most in two weeks in Copenhagen after Danske Markets said the company may start returning cash to investors.