the main index on the Oslo stock Exchange ended on 617,79 Friday, after a decline of 0.09 per cent.
Shares and primary capital certificates were traded for the 2.918 million.
Twitter rises sharply on oppkjøpsspekulasjoner, but Wall Street has opened down in the wake of the disappointing PMI figures for the manufacturing industry.
Leading European exchanges also saw red.
British FTSE 100 ended only marginally down, while the German DAX and the French CAC 40 fell respectively. 0.4 and 0.5 percent.
Doubt more on the Fed
stock Markets responded with a rise after the Federal Reserve on Wednesday night kept the interest rate unchanged and lowered rentebanen powerful.
Next year’s expected interest rate increases were revised down from three to two.
at the same time stated the us central bank that the case for a rate hike has strengthened, which was interpreted as a strong signal that such an increase probably will happen before the new year.
on Friday, investors are not as convinced that this interest rate increases to come.
- The Fed-inspired rally that shot the shares out of the sommerdvalen show any signs of exhaustion. The immediate reaction across markets after the Feds decision has been lower statsobligasjonsrenter, higher stock prices and a weaker dollar. This reflects an understanding that the Fed will not raise interest rates at least three months, ” says the London-based CMC Markets analyst Jasper Lawler of Reuters.
Iran will not freeze
In the oil market is the major “snakkisen” this week’s meetings between Saudi Arabia and Iran. The meetings happen in advance of next week’s 15. The International Energy Forum in Algeria, where OPEC members will meet Russia on the sidelines of informal talks about a potential produksjonsfrysavtale.
Reuters reports that Saudi Arabia is ready to cut production if Iran freezes its 3.6 million barrels per day. News sources say that the offer has been presented to Tehran, but could not say anything about how much Riyadh will cut production.
However, states a spokesperson for Iran, according to TDN Finans to the S&P Global Platts Friday afternoon that Iran probably will not go to freeze oil production at the current level.
Venezuelan president Nicolás Maduro said, according to Bloomberg at a press conference Sunday evening that “an agreement is close”.
on Thursday quoted the RIA according to Reuters Russia’s energy minister Alexander Novak that OPEC will not discuss anything produksjonsfrys.
There is a proposal produksjonsfrys. But the proposal is not on the agenda in this place, ” says Novak.
Brent november oil is marginally up to 47,67 per barrel on Friday afternoon, which is roughly at the levels when the stock exchange closed yesterday.
WTI-oil falls 0.3 per cent to 46,17 dollars a barrel
the Impact is small
On the Oslo stock Exchange ended the Statoil down 0.2 per cent to 128,20 money.
elsewhere in the oil fell DNO 2.5 per cent for 7,88 million, while The Norwegian went back 0.1 per cent to 119,80 money.
the Effect was generally small in both directions.
the River is distinguished positively by increased by 2.0 per cent to 82,60 money on today’s fourth highest volume, while XXL climbed 2.8 percent to 110 pence after that DNB Markets has upgraded to buy. The stock was up in 110,50 money at the highest in today’s trading, and thus new all-time high.
Entra step for the other 1.7 per cent to 90 million.
On the negative side we find Telenor at minus 1.2 per cent to 136,70 money, while the English pulled down one per cent to 300 million.
Norsk Hydro, Marine Harvest, Bank Norwegian Subsea 7 and Storebrand step for way less than the percentage, while DNB and Yara fell less than one percent.
Ugly-REC-bangs
The best and most negative the stock was, however, REC Silicon, which dundret down 20.0 per cent to 95 cents after Friday’s profit warnings.
the Turnover in 3. quarter has been weaker than previously expected, as a result of handelskrigen between the united STATES and China and the weak market. The company will now take action including from 1. October to run on approx. 50 per cent of full capacity at the Moses Lake facility.
Swedbank analyst Andreas Bertheussen is not surprised, but points towards Reuters that the scale was much larger than expected.
It looks a little dark for the time, but I think at the same time that the underlying market is better than you can get the impression right now, and if China does decide to slow down the pace in 2017, it may take up faster than expected again, he said.
the Carnegie analyst Preben Rasch-Olsen go so far as to call today’s update “a complete disaster”.
at the same time tells Nils Kjerstad, REC Silicons IR-contact for Europe, to TDN Finans that it would hardly be appropriate to bring in external capital until 2018, when the Yulin project is started.
also Read: The biggest losers in the REC
Biotek to all-time high
GC Rieber Shipping came closest to REC Silicon in the taperlisten, and ended down 13.6 per cent to 10,80 million. The company announced yesterday that 66 permanent staff, sailors is terminated.
We also take with that the Oslo Axess-listed Magseis fell 11.1 per cent to 12,80 dollars, while Apptix went back 8.1 per cent to 1,93 million.
Incus Investor rose sharply after the Scana Offshore contract with Statoil yesterday, but corrected down 8,0% to 1,84 million in today’s trading.
In the other end, we notice us first and foremost, Nordic Nanovector, which ended in the top of the winner list with an increase of 14.5 per cent to 53 million.
the Company announces Friday that an independent committee has reviewed the safety in the ongoing clinical Lymrit 37-01-the study of Betalutin in follikulært lymphoma (FL) has provided support to continue the study, potentially with an increased dosage of Betalutin.
the Stock is now up around 276 per cent so far this year. New all-time high (set intraday today) sounds on 54,50 million.
Mercury is the Market-listed WR Entertainment popping up 34.5 per cent to 1,95 million, but on thin volume (four trades).
We take Polarcus let on 7.9 per cent to 41 cents. Yesterday’s contract was followed up by a new contract Friday.
Reach Subsea climbed 6.3 per cent to 1,70 million for that North Energy Capital, among others Anders Onarheim as a shareholder, took a new gulp of the company, and is approaching 10 percent.
Further step rather anonymous Kitron 5.2 per cent to 6,30 money after having received orders for Aidon RF communication modules for over 100 million.
the Stock is now up 68,6 percent year to date, and the whole 143,6 per cent last year.
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