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Danish stock market slips slightly in response to Trump victory

TheCopenhagenPost
November 9th, 2016


This article is more than 8 years old.

Confirmation came just minutes before the 9 am opening

Donald Trump (photo: Gage Skidmore)

The Danish stock market fell 2 percent as it opened at 9 am, just minutes after Donald Trump had been confirmed as the 45th president of the United States.

In the build-up to the election, stock markets around the world had assumed that Hillary Clinton would be the US president. Trump’s surprise victory has resulted in markets all over the world seeing red – among them Denmark’s C20 index.

An ill wind that blows
The biggest loser was wind turbine company Vestas, which plummeted 11 percent at the opening bell at 9 am, before rebounding to a loss of just 7.6 percent within an hour.

Pretty much all of the major Danish companies opened lower. The last time the Danish stock market opened so low was on June 23 when Britain opted for the Brexit and the C20 index fell by 10 percent just after the stock market’s opening bell.

Novo Nordisk investors breathe a sigh of relief
One of the only Danish companies that rose on the news of Trump’s victory was Novo Nordisk.

The company has long feared that if Hillary Clinton was elected, she would fight to lower prices on drugs like insulin, which Novo Nordisk sells in the US. Novo’s stock increased by nearly 6 percent this morning.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”