Danske Bank posts profit beat and expects moderate tariff impact in Nordic market
COPENHAGEN (Reuters) -Denmark's biggest lender Danske Bank reported forecast-beating first-quarter profits on Friday and said it expects the global trade war to have a moderate impact on its main Nordic markets, booting its shares. U.S. President Donald Trump's tariffs have sown turmoil in financial markets and raised fears of a recession, prompting major banks to say they will affect industries from manufacturing to retail to banking. The Nordic region has so far been resilient, with strong economic data across the region and Danske Bank said its first-quarter results reflected this.