Analysis Manager Roger Berntsen Netfonds think Oslo Stock Exchange opens down 0.12 percent today.
“The Asian bourses started the week slightly down, hence there is no impetus to get from the region today, at least not in the opening minutes. Oil prices are also down slightly from levels last week. When it is said, the Norwegian krone has weakened further in recent days. Weaker dollar is also positive for Norwegian export companies, including one of our favorite stocks, Norwegian Hydro. There are no major events today, “writes Berntsen.
Berntsen’s guest in Economy News Trygve OBI 15:30 Monday.
Where does the stock exchange this week?
“There are two levels that are important upcoming week,” wrote Hegnar.no in our technical analysis of the main index on the Oslo Stock Exchange Sunday.
Stock Rally in China
The Japanese Nikkei 225 index ended down 0.2 percent Monday while the broader Topix index fell 0.5 percent.
The Chinese Shanghai Composite index is up 3.7 percent throughout, In six months, the index according to Bloomberg risen as much as 63 percent. Chinese energy stocks is up nine percent.
Hang Seng Index in Hong Kong can show a rise of 0.4 percent, Singapore’s Straits Times Index is down 1.2 percent, while the Korean Kospi index fell 0.6 percent.
Oil prices continue to fall and more market participants are asking themselves now whether Greece will cut ties with the EU.
Oil prices further down
A barrel of North Sea oil traded now for $ 55.53 a barrel, down 1.6 percent. When the exchange closed Friday price was $ 55.95.
The oil price has not been lower since 2009.
Caution start to the year in the United States
US stock exchanges got a cautious start to the new year. Friday rose Dow Jones 0.1 percent to 17,832.99, while the technology heavy Nasdaq index fell 0.2 percent to 4726.81.
The development occurred in anticipation of the PMI figures, consumer confidence figures and ISM numbers .
There were some wacky effects among the Norwegian shares. A John Fredriksen company rose 3.1 percent on the New Yorki Stock Exchange, but the stock still ended 36 percent lower than in Norway.
How did it go with the Norwegian shares in the United States and Canada
Oslo Stock Exchange defied oil
Oslo Stock Exchange rose as expected from the start on the first trading day in 2015. The main index ended up 0.57 percent to 579, 36.
The recovery came despite a sharp fall in oil.
This happens today:
Today, we find following events in the financial calendar:
- Japan, PMI industry finally, in December
- Germany, CPI, states
- EMU (10:30), SenTix investor confidence , January
- Germany (2:00 p.m.), CPI tentative, December
- Norway (9:00), Governor Olsen holds lectures for Court of Appeal
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