HCA Market Close: 15/12-2022: Featuring Scandinavian Medical Solutions
HCA Market Close 15.12.22 – Scandinavian Medical Solutions (SMS), announced a strategically significant new order.
Market Movements:
Denmark: OMX:C25 (-1.66%) ; Sweden: OMX:S30 (-2.78%) ; Norway: OBX:OSL (-0.46%) ; S&P 500 (-2.46%) ; Nasdaq (-2.95%); Stoxx 600 (-2.83%)
Market Drivers:
Markets fell today on hawkish central bank action, with a particular focus on the ECB.
European stocks had the opportunity to react to Jerome Powell’s speech and the Fed’s 50 basis point rate hike yesterday, which took a hawkish tone. But despite Powell being hawkish, markets seemed to brush away his comments, and Treasury yields moved lower today.
There has been increasing weak economic data from the US recently, and today was no different, with weak retail sales numbers. The markets at the moment are refusing to believe the Fed and, instead, expect a pivot in 2023.
However, the story in Europe is different, which bonds selling off after the ECB’s 50 basis point rate hike and, more importantly, Christine Lagarde’s very hawkish press conference following the move.
Overall, recession fears and a more hawkish Fed and ECB outlook created a risk-off atmosphere, particularly in Europe, with the US dollar gaining in strength as investors seek safety against a deteriorating economic outlook in Europe.
Snacks from the HCA Platform:
Today, Scandinavian Medical Solutions (SMS) announced the sale of an MRI scanner to a customer from the Central Asian area. The scanner is shipped and is expected to be delivered by the end of week 50. Strategically, this is important as it is the first sale of this product type in this geographical area. The Central Asian region includes countries such as Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, and Kazakhstan. The sale is within the range DKK 2m and below DKK 3.5m in accordance with the company’s information and communication policy. The share traded down by 2.06% today in a general red stock market.
Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:00
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Scandinavian Medical Solutions
Scandinavian Medical Solutions är verksamt inom vård och omsorg. Bolaget är en dansk återförsäljare av bilddiagnostikutrustning. Produktutbudet inkluderar CT- och MR-skannrar samt ultraljudsenheter och röntgenutrustning. Bolaget bedriver sin försäljning globalt och kunderna återfinns främst bland sjukhus. Scandinavian Medical Solutions grundades 2019 och har sitt huvudkontor i Aalborg.
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