Seadrill and Statoil led the way on the stock exchange – HegnarOnline

The main index on the Oslo Stock Exchange ended at 652.93 Thursday, after an increase of 0.29 percent.

Shares and equity certificates are traded for 3.260 million.

The main index is thus up 0.2 per cent last month, but up 13.3 percent so far this year.

weak US figures
Wall Street opened down but has reversed up after a series of weak macroeconomic figures in the US.

Both jobless claims, PMI manufacturing, Philly Fed and particularly used home sales came in on the disappointing side.

Leading indicators showed solid recovery, and was the only bright spot.

That weaker than expected figures helps lift market could imply that investors now believe that the first interest rate increase from the Federal Reserve postponed further.

Leading Europe -børser is fairly flat.

British FTSE 100 and German DAX falls 0.1 percent, while the French CAC 40 is marginally up.

What happens to the interest?
In yesterday’s clean report dismissed Federal Reserve basically the shaky start the US economy had in 2015 and attributed the lack of growth “transitory” factors that will subside soon.

According to the minutes still think many participants (the Federal Open Market Committee, journ. note) that it will be unlikely that the data available in June will provide adequate confirmation that the conditions for raising the target for the interest rate are satisfied.

– I suppose the real factor here is that the majority of Fed members do not see any reason to raise interest rates in June, says chief economist Peter Cardillo of Rockwell Global Capital to CNBC.

Investors see otherwise until Friday, when Governor Janet Yelllen will make a speech that could possibly provide some hint about when the Fed will begin raising interest rates.

Oil prices further up
Oil prices continue upward.

Brent oil rises July 2, 1 percent in today’s trading, to $ 66.39 a barrel. Front contract was to Compare traded for approximately $ 64.90 a barrel as stock market closed on Wednesday.

This year’s lowest share price was set on January 13, when the Brent oil was traded at $ 46.59 a barrel.

WTI oil up 2.3 percent to $ 60.35 a barrel.

Falling stocks in the US and new IS-attack in Iraq gives Reuters support to oil prices.

– Brent gets some forces from threat IS is in Iraq. I envision that geopolitics can raise prices even further, up to 70 dollars a barrel, says senior broker Christopher Bellew at Jefferies Bache news agency.

On the Oslo Stock Exchange rose 1.7 percent Statoil to 151.40 kroner.

Seadrill rose
Among the most traded stocks continued downturn for REC Silicon.

The stock ended the day down 4.2 percent to 1, 64 kroner. The drop in silicon prices have put pressure on the exchange rate in recent months.

English excelled also negative, with a fall of 3.1 percent to 305.50 kroner.

Telenor and Hydro burdened with decreases respectively. 2.1 percent to 175.70 kroner and 2.1 percent to 36.69 dollars.

On the positive side, we find Seadrill that ended in the plus 4.7 percent to 101.30 kroner.

Otherwise, the oil we notice that seismic duo PGS and TGS gained respectively. 2.2 percent to 49.70 kroner and 2.1 percent to 192.80 kroner.

Subsea 7, DNO and Frontline gained 2.3 percent.

We take also that ABG Sundal Collier rose 4.2 percent to 5.68 million at the current 9th highest volume. The Company has repurchased a total of 21,580,000 treasury shares at a price of 5.55 kroner.

The shares traded for 140 million.

Fredriksen to the top
In the top of the winners, we find Northern Offshore, with John Fredriksen owners. Shares rose 11.8 percent to 4.08 million after the quarterly results were released late last night.

Just Saga Tankers rose more – 20.6 percent to 2.40 million.

Almost we find Oslo Axess duo Contextvision and Zoncolan, which climbed respectively. 11.0 percent to 24.20 kroner and 8.1 percent to 40 cents on thin volumes.

Scana Industrier popping also up 6.3 percent to 34 cents.

Capsized on figures
Relatively speaking tops Seabird Exploration list of losers with a fall of 12.5 per cent to 7 cents.

Virtually followed SpareBank 1 Østfold Akershus, which fell 11.3 percent to 130 kroner after the proposal for a private placement of 1,670,000 new equity certificates at a subscription price NOK 105.

Standard Drilling fell 10.0 percent to 1.35 million after the director Gunnar Hvammen sold his shares .

Bergen Group also ended in minus 10.0 percent to 1.35 million.

The Company’s prime noted for record sales in Q1, but the stock reacted down 2.3 percent to 29.50 dollars.

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