Oslo Stock Exchange opened up, but during the day plummeted back, before the Fed chief Janet Yellen was on the podium a half hour before the stock market closed. When the dollar strengthened slightly, while the downturn in the stock market was slightly reduced.
The main index ended down 0.4 percent to 606.15.
Y ellen unable to rescue the stock market
markets took a somewhat cautious stance before a speech from Fed chief Janet Yellen. Investors were anxious to see if she would follow up on the “hawkish” setting in the minutes of the Fed’s last monetary policy meeting.
At 16 came the gold standard from Jackson Hole, Wyoming, this year titled “Re-Evaluating Labor Market Dynamics” .
The labor was natural enough central speech from Yellen.
She expects that issues relating to the labor market will be key in the central bank’s discussions forward. She sees significant spare capacity in the labor market.
Yellen states that the economy has been significant progress. She also says that the economy is nearing the FED targets for unemployment and inflation.
Strong sales
turnover amounted to 2.5 billion.
The index fell 1.9 percent last month, but are up 10.4 percent so far this year. Last week the stock exchange has risen 1.6 percent.
Oil prices a little bit up
October Brent oil rises 0.1 percent to $ 102.71, while the American WTI oil goes back 0.3 percent to $ 93.65 a barrel.
The Oslo Stock Exchange rose 0.1 percent to Statoil 173.60 million.
Iraq exposed DNO fell 1 , 2 percent to 18.88 kroner.
REC lift on USA-deal
REC Solar excellent favorably. The stock climbed 1.3 percent to 88.70 kroner after reports of US-appointment after hours on the Oslo Stock Exchange on Thursday.
PCI Biotech turned down
Oslo Axess -noterte PCI Biotech opened up significantly after successful completion of the second group in Enhance, a phase II trial of Amphinex® in combination with cytotoxic component bleomycin in head and neck cancer patients.
The stock ended down 3.7 However, percent to 26 million.
Navamedic`s
Navamedic`s jumped 4.2 percent to 13.65 kroner after a very encouraging quarterly.
Navamedics CEO Håkan Josepsson was guest of Economy news with Tryg OBI . View the broadcast here
SAS
We also SAS, which has secured funding of four Airbus A330-300 aircraft, first phase of the upgrade of its long-haul fleet.
The stock climbed 1.0 percent to 10 million.
Dolphin
Dolphin Group fell 1.4 percent to 4.91 million after large insider sales.
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