Exchange exceeds the opening Wednesday morning.
After 25 minutes of trade stands OSE in 603.33, up 0.99 per cent, and it is so far traded shares for NOK 500 million.
The market is now awaiting tonight’s monetary policy meeting of the Federal Reserve.
– It is likely that today’s meeting will be extra exciting when it is expected that the governor will have to dwell on the ECB’s recent measures (QE), writes chief analyst in Netfonds, Roger Berntsen, in today’s morning report.
Oil prices
Brent oil falls on Wednesday morning 1.19 percent to $ 49.01 a barrel, while WTI oil is down 1.58 percent to $ 45.50 a barrel.
For comparison, a barrel of North Sea oil traded for $ 48.20 a barrel at the end of trading on Tuesday.
The decline Wednesday morning has, among other reflects expectations of inventories in the US and that Saudi Arabia gave a clear signal that the country does not intend to do anything to balance the oil market, writes Bloomberg News, according to TDN Finans.
“Economic laws” about supply and demand will override this, said Chief of the State Saudi oil company Saudi Aramco, Khalid Falih, a conference in Riyadh.
– It is interesting that the Saudis reiterates its position as strong and as often as they do . This suggests a plan to ensure that again has no illusions about where they stand on this issue, including other Opec members, says chief strategist at CMC Markets in Sydney, Ric Spooner, news agency.
Statistics from the American Petroleum Institute (API) showed Tuesday night that US crude oil inventories last week grew by 12.7 million barrels.
Official figures from the US Department of Energy, released Wednesday afternoon, is expected according to analysts estimates to show an increase of 4 million barrels in the same period, according to TDN Finans.
Statoil rising 0.45 percent to 134.30 dollars.
Still deficient
Tuesday afternoon it was announced that FSA has undergone some conditions at Scana Industrier statements for 2013 and interim reports for 2014. Control has primarily covered entity reporting around the going concern assumption and associated disclosure.
Authority sign Scana has had declining profitability over time, combined with relatively high LTV has given a considerable uncertainty going concern assumption.
Scana share breeds Wednesday morning 17.86 percent to 1, 15 million.
Seller ships
Siem Shipping is about to sell two of its older vessels, “Chile Star” and “Uruguay Star”.
The price tag on each of the ships is set to five million US dollars, and the sale will give a book loss of $ 1.1 million per vessel.
The news sends stock down 3.72 percent to 58.25 dollars.
Winners and Losers
It is mostly rise among the heavyweights on the Oslo Stock Exchange on Wednesday morning. Norwegian Hydro climbs 3.17 percent, Seadrill rising 3.13 percent and RCCL is up 1.39 percent. The latter presents its fourth quarter earnings on Thursday.
Yara is up 0.74 percent, DNB climbs 2.42 percent and Marine Harvest is up 0.71 percent. Telenor depreciates 0.06 percent.
Today’s hitherto biggest winner on the Oslo Stock Exchange is Siem Offshore, which climbs 6.00 percent.
No comments:
Post a Comment