Stockholm, Feb 22, 2026, 07:52 CET — The market has closed.
- OMX Nordic 40 finished Friday’s session 0.5% higher, ending at 2,675.12 points.
- RWE handed Vestas a 1.38 GW offshore wind contract in the UK, putting renewables right back in the spotlight as Monday approaches.
- Sweden’s CPIF inflation landed right at 2.0% in January. Over in Norway, rate-watchers have a packed calendar coming up later this week.
Nordic equities are back in action Monday, with Denmark’s Vestas grabbing attention after it announced a new offshore wind deal in the UK—a move that kept the region’s renewables sector front and center through the weekend. The OMX Nordic 40 ended Friday at 2,675.12, up 0.51%. (Nasdaqomx)
Timing is key as the Nordics transition from the thick of earnings season into a market gripped by shifting rate bets. Sweden’s CPIF inflation rate, which keeps mortgage rates flat and serves as the Riksbank’s benchmark, landed right at 2.0% in January, according to Statistics Sweden on Friday. (Statistikmyndigheten SCB)
Norway’s central bank is stirring the pot this week. The Norges Bank calendar spots several events, starting with the Norges Bank Watch report out Wednesday. Then, markets are eyeing scheduled releases Thursday and Friday—numbers that could shake up forecasts for inflation, wages, and rates. (Norges Bank)
Pandora, Genmab, and Danske Bank landed among the OMX Nordic 40’s biggest risers on Friday. Novo Nordisk and Evolution, by contrast, slipped to the bottom end of the leaderboard. (MarketScreener)
Vestas landed a firm order from Germany’s RWE for the massive 1,380-megawatt Vanguard West offshore wind project in the UK. The deal covers 92 V236-15.0 MW turbines, plus a five-year service contract and ongoing long-term support. “The momentum behind offshore wind in Europe is building,” said Nils de Baar, President of Vestas Northern & Central Europe and Global Offshore. (Vestas)
RWE is aiming to lock in a final investment decision with joint venture partner KKR by summer 2026, targeting turbine commissioning for 2029. Fully up and running, the wind farm should generate enough electricity each year to power roughly 1.5 million UK homes, according to the company. (Rwe)
Novo Nordisk plans to put forward Jan van de Winkel and Ramona Sequeira—both with deep drug industry backgrounds—for board seats, marking the first such moves since last year’s board upheaval at the Danish company. Shares of Novo slipped 1.1% by early Friday afternoon, Reuters noted. (MarketScreener)
Castellum has rolled out a share buyback plan worth up to 3.4 billion Swedish crowns on Nasdaq Stockholm, with the funding set to come from an earlier divestment and improved cash flow. “This gives us a significantly stronger cash flow, allowing for a larger share buy-back programme,” CEO Joacim Sjöberg said. (Castellum Corporate)
Castellum announced it would sell a property portfolio worth 5.6 billion crowns to Swedish pension fund AP7, aiming to close on April 29. The deal hinges on regulatory approval and other conditions. (Castellum Corporate)
Buybacks kept surfacing from Nordic names into the weekend. Tietoevry and Marimekko, both based in Finland, reported share repurchases Friday, according to statements. (Tietoevry)
The risk boils down to this: an unexpected pop in inflation or a sudden rate repricing can hit rate-sensitive areas—think real estate, long-duration growth stocks—hard and fast. Cash-return plays also start to look less appealing. There’s another catch, too. Once the deal headlines fade into the background, the region is right back to reacting to global risk sentiment and currency moves.
Traders are eyeing Thursday, when Norges Bank drops its first-quarter Expectations Survey at 10:00 local time. (Norges Bank)
