The main index on the Oslo Stock Exchange ended at 552.22 Thursday after rising by 2.18 percent.
Shares and equity certificates traded 5.390 million.
Wall Street opened down after the job numbers and productivity disappointed but has turned up the last few minutes.
Leading European exchanges evolved mixed.
British FTSE 100 ended up 1.2 percent, while German DAX fell 0.3 percent. French CAC 40 rose 0.25 percent.
– Dollar knees
The dollar is struggling uphill after weak macroeconomic figures from the US yesterday, and statements from a member of pure Committee of the Federal Reserve (Federal Open Market Committee) which has triggered speculation that the policy rate is not going to be raised at all during 2016.
William Dudley admitted in an interview with Market News International Wednesday that monetary conditions had tightened up since the Fed raised interest rates in December, and added that clean Committee must take this into account.
EURUSD stands at the moment of 1.1171, which corresponds to a euro strengthening against the dollar 0.8 per cent today.
– the dollar is in a kneeling position. Probably we will now get some stability ahead of tomorrow’s US labor market report, says portfolio manager Richard Benson Monetary Fund Millennium in London told Reuters.
– Initiative oil meet stillborn
the weakening dollar supports oil prices, which, according to news agency continues upturn on unconfirmed rumors that oil-producing countries in and outside OPEC may soon meet to discuss production cuts. Support for Venezuela’s oil minister, who is a strong proponent of such a meeting, shall be added.
– It is the weaker dollar. Venezuelan initiative is stillborn. Without Saudi Arabia will nevertheless not make sense, said Commerzbank analyst Carsten Fritsch said.
Brent April oil rises in the afternoon 1.7 percent to $ 35.64 a barrel, against a listing of around $ 33 for the front contract when the exchange closed yesterday.
WTI oil rising 3.1 percent to $ 33.27.
Statoil jump on dividends
Oil shares on the Oslo stock Exchange was in good drive, particularly Statoil, which slammed up 9.1 percent to 119 kroner after today’s interim report.
the actual numbers were a disappointment, but in Besides oil price received price support signals from today’s capital markets day that the dividend level is maintained.
the board of Statoil proposes Q4 2015 maintained a dividend of $ 0.2201 per share, and the introduction of a two-year program for dividend stocks starting in Q4 2015.
Nordea Markets believes according to TDN Finans that the signals from the capital markets update is “clearly bullish” and thinking as well that operating investments and costs cut more than expected.
Besides Statoil rose DNO 6.4 percent to 6.25 million, while the Norwegian oil company ended up 4.2 percent to 52.10 crowns.
In the oil showed Subsea 7 way with an increase of 6.0 percent to 53.70 million, while PGS also marked positively with plus 5.8 percent to 25.31 crowns.
Seadrill climbed 6.8 percent to 17.41 million, Aker Solutions entire 10.8 percent to 27.70 million, while Prosafe defied weak quarterly and gained 2.7 percent to 13.20 crowns.
Rally for “oil bank”
Outside of oil and oil we note primarily DNB, which rose 3.8 percent to 100.90 kroner after its quarterly results.
Handelsbanken and DNB Markets think the consensus will be lowered somewhat afterwards, drawing according to TDN Finans eg that the higher-than-expected loss provisions burdened the result in Q4. On the positive side, they point increase in pure core capital ratio and higher yield than expected.
The bank itself also says that it is well on track to clear both earnings and capital requirements, and expects dividends in high end of 30-50 percent of net profit in 2016 and over 50 percent in 2017. the losses are expected to be very little dramatic in relation to the fall in oil prices.
Neither of Stavanger-based Sparebanken 1 SR-Bank, with its relatively higher oil exposure, losses dramatically high. Shares rose 8.8 percent to 37 million by the quarterly figures.
We also take that Norwegian Hydro excelled with an increase of 6.8 percent to 29.93 kroner on rising aluminum prices.
Both Gjensidige and Borregaaard continued recovery in the wake of yesterday’s tallfremleggelser, respectively. 1.6 percent to 143.60 kroner and 6.5 percent to 49.50 crowns.
Norwegian rose in turn only marginally after its traffic figures for January but is nevertheless one of Swedbank analyst Hans- Erik Jacobsen’s favorites for 2016.
Gruveduo strove up
the top of the winners list, we find six shares rising double digit.
Avocet Mining led the way with 15.6 percent to 37 cents, while Reach Subsea ended in plus 13.3 percent to 1.70 million.
Besides the aforementioned Aker Solutions rose both Petrolia, Wilson and DOF 10-11 percent .
another mining stock, Oslo Axess-listed Nordic mining, rose 8.6 percent to 63 cents after the announcement from their associates Keliber about producing lithium battery quality. In addition, the first core samples of rutile extracted from the deposit on Engebøfjellet.
In the top of the list of losers we find Western Bulk of minus 10.6 per cent to 42 cents.
Oslo Axess- noted Badger Explorer fell 6.5 percent to 1.29 million, while RCCL went back 4.6 percent to 597 million.
Salmon Stocks pulled slightly down Thursday. Marine Harvest fell 1.8 percent to 117.30 kroner, while Bakkafrost Salmar ended down respectively. 2.6 percent to 285.20 kroner and 1.8 percent to 162.50 kroner.
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