Market News
Danish central banker sees economy riding out turbulent start to year - REUTERS
Summary
- Danish central banker downplays economic impact of Greenland row
- Argues 6-year low in Danish crown was not linked to tensions
- Central bank has not changed approach to US assets in reserves
- Nødgaard pushing for data vault to protect from cyber attacks
COVENTRY, England, Feb 9 (Reuters) - The transatlantic crisis over Greenland and latest stock market rout of weight-loss drug giant Novo Nordisk are not expected to seriously dent Denmark's economy, one of its central bank governors has said.
The tightly managed Danish crown fell to a 6-year low against the euro last month when U.S. President Donald Trump threatened to seize Greenland, while fears about increasingly fierce competition in the obesity drug sector saw Denmark's biggest company (NOVOb.CO) lose a fifth of its value last week.
