Netfonds Bank chief analyst Roger Berntsen think Oslo Stock Exchange opens up 0.15 percent today.
“The Chinese stock market rose over 4% Monday in spite of weak macroeconomic data (import and export figures). Investors now expect the central bank will cut interest rates further, which is positive for the stock market. We believe this will help European stock exchanges today, “writes Berntsen.
Oil prices further down
The price of Brent crude falling 0.7 percent to 48.25 barrel, while the price was $ 48.84 a barrel when the exchange closed Friday.
Where do exchange forward?
“ The rate of increase is declining in the longer term but as long as the positive undertone keeps the RSI the chart, there is still hope “, said in Sunday’s share tips on Hegnar.no. Read the article here.
Mixed in Asia
There are mostly minor differences among the exchanges in Asia Monday morning. Chinese shares rise sharply.
Shanghai Composite climbs 3.7 percent, while the CSI 300 is up 3.4 percent.
Hang Seng in Hong Kong falling 0.2 percent. In Japan Nikkei rises 0.3 percent, while the broader Topix index is up 0.4 percent.
Kospi in South Korea goes back 0.6 percent.
– The is likely that the stock market will remain volatile over the coming months. Uncertainty about the economic growth in China and a likely interest rate boost from the Fed lies ahead this year, says strategist at AMP Capital Investors, Shane Oliver, Bloomberg News.
New downturn in the US
downturn on the US stock exchanges continued Friday for the seventh straight day. It is the longest period of decline of four years.
The Dow Jones ended down 0.27 percent to 17,373.38, while the broader S & amp; P 500 fell 0.29 percent to 2,077.57. Technology Heavy Nasdaq went back 0.26 percent to 5,043.54.
For the week as a whole ended Dow Jones down 1.8 percent, while the S & amp; P 500 and Nasdaq fell respectively 1.2 and 1, 7 percent.
It was created 215,000 new jobs outside the agricultural sector in the US in July, shows the important employment report (nonfarm payrolls) that was released Friday.
The economists expecting Reuters 223.000 new jobs outside the agriculture sector.
– There is nothing in this report that will convince the Fed not to raise interest rates in September, said Mark Hamrick from Bankrate.com to International Business Times.
How did it go with the Norwegian shares in the United States and Canada
Oslo Stock Exchange barely up
Oslo Stock Exchange rose slightly Friday but the weak oil prices at the end of the day was looming for the upturn. The main index ended up 0.1 percent to 636.20. The focus was directed towards the United States, where the monthly employment report was released.
This is happening today
Macro:
Japan: Current account balance, June
Sweden: Industrial Production, June, kl. 9:30
Norway: PPI, July, kl. 10:00
Norway: CPI, July, kl. 10:00
EMU: SenTix investor confidence, august kl. 10:30
Foreign Results:
McDermott International
Sources: TDN Finans, Reuters, Oslo Stock Exchange and Statistics Norway ( SSB)
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