The arrows pointed down from the start of the Oslo Stock Exchange Friday.
The main index rebounded, however, in the forenoon, and rose to end 0.57 percent to 632.23.
Shares and equity certificates were today traded at around 4.4 billion.
The main index is down 3.19 per cent last month, but up 9.75 percent so far this year.
The development occurred in the wake of the rally and Nasdaq-record in New York yesterday, followed by market rises in Tokyo and a sharp fall in Shanghai earlier today.
Rally after Fed
Investors in the United States was encouraged by Wednesday’s news from the Federal Reserve and Governor Janet Yellen, that the US economy is probably strong enough to withstand an interest rate increase later this year.
– People were worried about the Fed should be more aggressive. The shift we did not, and it triggered relief, says director Adam Sarhan in Sarhan Capital to CNBC.
The most sensational in Wednesday’s clean message was Feds downward revision of GDP growth in 2015, from 2.5 to 1 , 9 percent. A cut was expected, but not as high.
New Greek breach
The meeting between the euro group and Greece were closed after just one hour Thursday night before the parties had agreed if a new agreement on the Greek situation.
A source close to the negotiations called Reuters the meeting “tragic” and says it is not even got a request to extend the Greek loan agreement with creditors which expires at the end.
The Greek loan agreement with international creditors in the European Union and the International Monetary Fund (IMF) expires June 30.
Meanwhile, the final deadline for Greece to pay into 1.6 billion in interest and principal on an IMF loan – money Greece has not.
Thursday took the Greeks out 1 billion euros from banks. The ECB now raises nødlikviditeten to Greek banks to prevent a full-scale bankrun.
– If the ECB determines that the Greek banks are not just illiquid, but also lacks sufficient capital, they must quit ELA footprints, says former chief economist of the ECB, Jürgen Stark, the Frankfurter Allgemeine Zeitung.
In Europe bourses mixed Friday afternoon.
Just after the clock 16.30 is the FTSE 100 in London up 0.18 percent, while the DAX in Frankfrut falling 0.52 percent.
CAC 40 in Paris rising 0.25 percent.
Crude falls
Oil prices fall by close of trading on Friday.
Brent August oil is down 1.70 percent to $ 63.17 a barrel, while WTI oil is down 1 , 35 percent to 60 dollars a barrel.
The development occurs after US shale oil producers according to Reuters forecasts higher production this year, despite the fact that drilling is stepped down to meet the sharp fall in oil prices it last year.
– Without major changes in the fundamentals, as well as changes in dollar strength, continuing oil prices to move sideways. We believe this will continue throughout the day, says Daniel Ang at Phillip Futures news agency.
On the Oslo Stock Exchange rose 1.27 percent to Statoil 143.80 million.
Also read: Can produce as much shale oil out a year without drilling a single new meter
Smell after profit warning
The effects were mostly relatively small among OBX shares.
RCCL and REC Silicon excelled positive upturns respectively. 3.14 percent to 624 million and 4.86 per cent to 1.90 million.
Storebrand rose 1.75 percent, while the Norwegian ended up 3.52 percent.
Golden Ocean pulled down 2.27 percent to 29.70 dollars, while DNO rose 0.19 percent to 10.47 dollars after milliardlån and repurchase of bonds.
Atea has all day enthroned on top of the list of losers, falling entire 14.73 per cent to 68 million by today’s profit warning.
Europris debuts on the Oslo Stock Exchange and the stock ended at 43 million.
Sprek start for Thin Film
Only one stock fell more than mentioned Atea in today’s trading.
We are talking about Rem Offshore, which resolved 18.68 percent to 37 million on very thin volume – a trade.
Ocean Shipping Team ended in minus 8.38 per cent to 5.03 million.
We also take that Polaris Media went back 7.69 percent to 18 million.
At the other end we find InterOil Exploration, who jumped up 22.73 percent to 27 cents.
EMGS and Scana Industrier came closest, with highs respectively. 19.05 percent to 1.75 dollars and 15 percent to 23 cents.
EMGS CEO Bjarte Bruheim extended yesterday a 6-month forward contract on the purchase of 200,000 shares by another six months.
The extension applies to 17 December 2015 with a strike price of 1.67 kroner per share.
In order to finance the extension has Bruheim sold 390,000 shares for exchange 1.55 kroner per share.
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