main index Oslo Stock Exchange ended Thursday in 580 07, corresponding to an increase of 1 , 17 percent.
Shares and equity certificates are traded for 5.389 million.
The main index is thus up 0.6 percent so far this year and 5.9 per cent last year.
Job Optimism US
Wall Street rises from the start, while the leading European stock exchanges pulled sharply upward.
British FTSE 100 ended up 2.4 percent, German DAX 3.4 percent and French CAC 40 3.7 percent.
Investors have reacted positively to today’s jobless claims figures, which showed a decrease in the number of first time applicants for unemployment benefits last week.
Dog decline was somewhat less than expected.
– Jobless claims were roughly in line, perhaps somewhat weaker than expected, with the market still pointing towards job growth, said chief economist Peter Cardillo at Rockwell Global Capital in New York, told Reuters.
Yesterday’s report from the previous monetary policy meeting in Fed told that a rate increase does not happen immediately, but perhaps tll summer.
– The is clear that the new language used by the Fed largely sustain the idea that they can raise interest rates midway through this year. The second is that they toned down how much a stronger dollar will hurt the US economy.
– As I see it, prevails a tolerance for dollar strengthening, said currency strategist Daragh Maher at HSBC said.
Meanwhile, the fall in prices in the eurozone, according to figures released yesterday, according to news agency increased hope of aggressive monetary policy measures from the European Central Bank (ECB) later this month.
Oil prices draw support
Oil prices retrieves Thursday support from figures Wednesday showed a surprising drop in US stocks.
Brent February oil rises 0.3 percent to $ 51.30 a barrel, then the exchange closed Wednesday was the price $ 51.65.
WTI oil is up 0.7 percent to $ 49.01 a barrel.
– We think the market tests the reason for finding price bottom in crude oil, and just now see $ 50 seems to be the limit for Brent, writes Phillips Futures analyst Daniel Ang told Reuters in a note.
Brent price has more than halved since June and pushed against the downside is large with considering the weaker growth in Europe and China, as well as the fact that neither OPEC nor Russia shows signs of cutting production in a market awash with oil.
On the Oslo Stock Exchange ended Statoil up 0.9 per cent to 129.60 million.
Otherwise oil we note that DNO rose 3.4 percent to 16.59 million, while the Norwegian – Kjell Inge Rokke Aker is the main owner – gained 4.4 per cent to 39.15 dollars.
The rise in the latter came despite Swedbank according TDN Finans has downgraded the stock from buy to neutral, and cut price target from 60 to 45 million.
Analyst Teodor Sveen Nilsen sees significant risk of breach of covenants with oil prices below $ 70 a barrel.
Yara rally on recommendation
Most OBX shares rose Wednesday trade, but Yara excelled most positive.
Yara rose 5.8 percent to 378.20 million at today’s second highest volume.
The rise came after a turnaround in Pareto, who has upgraded to buy and jacked up the price target from 290 to 410 million.
Fondsfinans analyst Daniel Johansson pointing to TDN Finans several reasons upswing.
He shows including a marked increase in prices in the fertilizer market, especially granulated urea, and speculation that China introduces VAT on fertilizers.
Furthermore popping Golden Ocean up 3.5 percent to 5.33 million.
Golden Ocean chief Herman Billung confirmed to TDN Finans that speculation that Knightsbridge Shipping Limited contract with RWE has a solid premium to the spot rate is “fairly accurate.”
Pareto analyst Eirik Haavaldsen believes Knightbridges agreement with RWEer positive but that it does not change the value of Golden Ocean since the bulk market is weak.
Among second lusty shares were REC Silicon, which rose 4.9 percent to 1.89 million without major company-specific news.
We also take that PGS rose 2.8 percent to 42 million, while DNB ended up 2 , 3 percent to 107 million at today’s fourth-highest volume.
On the negative side we find primarily Fred. Olsen Energy.
Carnegie upgraded yesterday the stock to buy, but the stock fell today 5.1 percent to 69.05 dollars.
Oil Mosquitoes Noreco amok
In relative terms, oil mosquito Noreco today clear winner.
stock rose 56.5 percent to the entire 1.69 million for a production update for December, which showed sharp increase from the month before.
Almost followed another oil mosquito, Interoil, which drew up 33.3 percent to 20 cents.
Another two stocks rose double digits.
PSI Group climbed 10.3 percent to 9.50 million, while the Oslo Axess-listed NattoPharma gained 16.0 percent to 11.95 million.
Taper list is topped by a third oil mosquito – North Energy fell 11.1 percent to 2.80 million.
Almost followed Oslo Axess-listed Cecon minus 10.0 percent to 18 cents, while Nio pulled down 7.6 per cent to 1, 57 million.
Finally, we mention EMGS, where Mr Bruheim takes over as CEO after Roar Bekker goes the day. The stock was unchanged at 4.03 million.
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