The exchanges in China plunges Monday morning, following the sharp sell-off in financial and property shares. According CNBC falling financial shares on the Shanghai Stock Exchange by over 10 percent, after authorities charged three of the country’s largest brokerage illegal margin trading.
CSI 300 Index declines 6.59 percent, while Shanghai Composites is down 6.39 percent. Also in Hong Kong are trading sharply, with a fall of 1.21 percent for the Hang Seng Index.
The positive mood from Wall Street Friday heading up the remaining markets. In Japan, Nikkei 225 up 0.86 percent, while the broader Topix index rises 0.64 percent.
Read the entire Asia-commentary here.
Netfonds expects ;
Oslo Stock Exchange opens up 0.58 percent Monday.
– The Asian bourses are up on Monday morning, as a result of the shares on Wall Street rose on Friday evening. It is natural to assume that the positive mood in the US and Asia will spill over to the European bourses today. Investors are waiting for the rest also on Thursday’s monetary policy meeting at the ECB, where it is expected that the central bank will initiate the printing press. This will, as we see it, contribute positively to the stock markets. Key events today; USA: All markets closed due to Martin Luther King Jr. Day.
Oil prices
Monday morning traded Brent oil for $ 49.85 a barrel, down 0.64 percent, while WTI oil falls 0.77 percent to $ 48.75 a barrel.
In comparison, was a barrel of North Sea oil traded for $ 49.54 at the close of trading Friday.
Rally USA
US markets rose Friday for the first time in six sessions, as investors got digest a rise in WTI oil price, as well as several macro reports.
The Dow Jones rose 1.10 percent to 17,511.57 Nasdaq ended up 1.39 percent to 4,634.38, while the S & amp; P 500 gained 1.34 percent to 2019.42.
– This is probably a relief rally, with ups and good speed for individual sectors that have received real beating, including energy, said Paul Nolte Kingsview Asset Management to Bloomberg.
Read the entire US-commentary here.
Slight decrease
Oslo Stock Exchange had a nervous development Friday, with both red and green numbers. The main index ended down 0.14 percent to 578.82.
Frontline “Front Falcon” has made an appointment for six months with Litasco to store oil at a daily rate of $ 55,000. Fredriksen share ended down 1.19 percent to 25 million.
John Fredriksen investment Archer pulled moreover down 8.70 percent to 3.22 million, while Golden Ocean fell 5.67 percent to 5.57 respectively.
Read the entire stock commentary here.
This happens today:
Macro:
Norway: Statistics house price index Q4. 2014 kl. 10:00
Norway: Publication auction government bonds at. 24:00
China: Foreign Direct Investment in December
Japan: Industrial production in November last, at. 5:30
Japan: Consumer confidence December at. 5:30
EMU: Current account balance November kl. 10:00
Other:
USA: Martin Luther King, Jr. Day, all markets closed
Foreign:
Wincor Nixdorf
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