the main index on the Oslo stock Exchange ended on 630,63 Thursday, after a decline of 0,70 per cent.
Shares and primary capital certificates were traded for 3.195 million.
Wall Street has opened down after the joyful jobbtall and lower growth than expected in import prices.
China-number of concern
Leading European stock exchanges also drew down.
British FTSE 100 fell 0.7 percent, the German DAX the one percent and the French CAC 40 1.1 per cent.
The labre the mood hangs together with the current iceland, switzerland from China, where exports fell the full ten percent (on an annualized basis) in september. The concerns for the health in the world’s second largest economy has thus flared up again.
- the Dollar strengthens and the market prices reaching into the likelihood that the Federal Reserve raises interest rates in December. The second theme is the weakness in chinese exports. It helps to focus on the weakening of the yuan in the past. And we have the pound, so clearly, ” says valutastrateg Jane Foley of Rabobank to Reuters.
the Fed raises interest rates before christmas?
The u.s. central bank released yesterday the minutes from the rentemøtet in september. The minutes gave no clear signals, but indicated that interest rates be raised in December.
Three members of the rentekomitéen (Federal Open Market Committee) voted to raise interest rates on he is, while seven voted to keep it unchanged. And even though the wording is a little bit of the pending battle, interpreters, experts, according to Marketwatch the minutes as saying that the probability of a rate hike at the December meeting is higher than that it remains unchanged.
- to the Opinions means that the labour market is still solid, even though the unemployment rate has bottomed out. It also seems to be a consensus that inflation will rise going forward, although many pointed out that there currently are few signs of inflationary pressure, type DNB Markets in a summary.
the Committee also agreed that the arguments for a renteheving is enhanced – a statement the governor (Janet) Yellen also used in advance of the meeting. But, since there still is some slack in the labour market and since inflation is still below the inflation target (2 per cent), the majority of this time to keep the interest rate unchanged, called it forth.
the Market prices reach a probability of just over 60 per cent, for an elevation at the December meeting.
eagerly Awaiting the OPEC cut
oil prices tynges that OPEC has increased production to its highest in eight years, as well as lagerbygging in the united STATES in the previous week.
the Us government (EIA) has lowered its estimate for world oil production in the year, but raised the estimate for the next year.
Brent December-oil falls 0.2 percent to 51,74 per barrel, down from around 52 dollars when the Oslo stock Exchange closed yesterday.
WTI oil is down 0.1 per cent to 50,12 per barrel.
the Market is waiting to see the mechanisms in the OPEC agreement, it will say exactly how it should work, and which countries to reduce production. Prices have probably risen high enough, given the possibilities for increased production in the united STATES. It is possible the prices pulls back against the 45-49 dollars, ” says chief analyst at CMC Markets, Ric Spooner, to Bloomberg.
Many doubts also about whether Russia will contribute to OPECs plan, despite president Vladimir Putin’s recent support for the collective produksjonskutt.
On the Oslo stock Exchange fell Statoil 1.4 per cent to 136,50 money.
elsewhere in the oil went Aker BP back 1.4 per cent to 129,30 money, while the step DNO fell 1.7 per cent to 8.27 in money. The latter came with a Tawke update yesterday, and DNB Markets looking ever a hefty upside.
Stones and red in the PGS
Among the most traded marked the PGS themselves negatively, and corrected down 3.7 per cent to 25,20 money.
the Stock rose yesterday over 16 per cent after a positive profit warnings, but DNB Markets, nevertheless, believe the stock should be reduced by half, and has set a price target of 13 million.
the Promise in relation to their expectations look particularly out to get the better development for multi-client in the north Sea than expected. The development is positive, but we still believe the company in the future will have need for significant refinancing and repeat a salgsanbefaling, wrote investment firm in Thursday’s morgenrapport.
Questerre corrected also down, in particular by 6.7 per cent to 2,24 million after yesterday’s powerful rise in the approval of the “Bill 106″ in Quebec. The approval allows for the company to develop its large skifergassfelt in the region.
DNB, norsk Hydro, Schibsted (A and B) and Yara fell 1-2 percent, the latter after Credit Suisse has cut kursmålet.
On the positive side, we find a number of fiskeaksjer. Lerøy Seafood asa and Austevoll Seafood reacted with an increase of, respectively. 3.6 per cent to 427,60 million and 1.5% to 68,75 money after that Pareto has raised price targets.
Marine Harvest rose 0.9 per cent to 150,20 money, while Salmar let on 1.7 per cent to 251,50 money.
We also take that Axactor ended up 1.8 per cent to 2,77 million. The company continues its growth, and has obtained 598 million through a private placement of course 2,60 money. The net proceeds will be, among other things, go to the acquisition of non-performing loans låneporteføljer.
Cheers for the Bergen shipping company
Taperlisten topped by several skadeskutte oljeserviceaksjer.
the Very top is the Oslo Axess-listed MultiClient Geophysical, which fell 13.3 per cent to 65 cents.
Almost came Polarcus and Prosafe, which fell respectively. 11,3 per cent to 47 cents and 12.3 per cent to 50 cents.
We notice that the SAS fell 8.3 per cent from 14.30 million after the Norwegian government has sold 9.2 million shares and thus reduced its stake in the airline from 14,2 to 11.5 per cent.
at the same time, the Swedish state has sold 13,8 million shares, which brings their interest down 17.1 per cent.
The Norwegian and Swedish state has sold the total of 23 million shares at the rate of 15,50 (Swedish) kroner. On the stockholm stock exchange falling stock 6.7 per cent of 15,30 Swedish krona.
The Swedish government avkrefter however, rumors about a possible acquisition.
Winners topped by GC Rieber Shipping, which popped up 31,9% to 15,10 money on the deal with Rasmussengruppen on the establishment of 50/50-owned Shearwater Geoservices.
Rieber ceo Irene Waage Basil believes the timing is favorable.
- It is a sentimentskifte in the market and we see an expectation in the market that the bottom has been reached, ” she says to TDN Finans.
We also take that Bionor Pharma rose by 15,0 per cent to 23 cents, while Songa Offshore ended up 5.6 percent to 19 cents.
No comments:
Post a Comment