Danish stocks recover some ground

The Danish C25 index closed on a positive note on Tuesday with a 1.6% increase, settling nerves after a 2.6% drop on Monday, which was the most significant fall since May 2022. This downward trend began on Friday when key economic indicators from the previous week caused investor concerns about the US economy, leading to a global stock sell-off. Despite Tuesday’s gains, the cumulative yearly increase for the C25 index has been reduced to about 4.7% after several downturns in August. Notably, Novo Nordisk and Bavarian Nordic led with over four percent gains, while Maersk’s B shares and Ørsted experienced declines. In Japan, after a historic fall on Monday, the stocks made a substantial recovery on Tuesday.