Red on the Oslo Stock Exchange – OBI Online

Soon after Monday’s trading began on the Oslo Stock Exchange’s main index in 587.70 points, down 0.75 percent.

Large company DNB, Hydro and Yara drops respectively 0.20 percent, 1.59 percent and 1.09 percent.

Statoil / Oil

A barrel of oil sold for $ 48.76, up 0.72 percent. Statoil falling 0.56 percent to 137.80 kroner.

Increased uncertainty

There is no doubt that Brexit-shock of last week will contribute to political uncertainty in both the UK and EU in coming months.

– Increased uncertainty in an otherwise jittery world is anyway not good. The political uncertainty comes on top of fears including slowdown in China and slowing productivity growth globally. Probably, many investors continue to flee to safe havens. Gold and US government securities will probably be popular going forward, writes chief economist Kari Due-Andresen in Monday’s report from Handelsbanken.

– The European stock exchanges, with Germany, England and France in the lead, is expected to drop significantly when exchanges opens at 09:00. Greater uncertainty about Britain’s surprising withdrawal of EU Friday (Brexit), is the reason the world’s stock markets are in disarray, writes chief analyst Roger Berntsen in today’s report from Netfonds Bank.

Norwegian

Friday plunged Norwegian 9.1 percent. Monday morning falling stock ytterligre 2.24 percent to 305 kroner.

Arctic analyst Magnus Berg points out several concerns after Brexit referendum, both British growth and not least currency effects.

– Norwegian has much costs in euros and dollars, and now weakens against these currencies. Corrects not crown again, EPS estimates (EPS = earnings per share) for the 2016 and 2017 fall by 10.5 million on this basis, Berg said in an interview with TDN Finans before the weekend.

Golden Ocean R

In the latest weekly report from Dovre Management we read that investment Director Stig Myrseth throws out Protector Forsikring favor of Golden Ocean R.

In September, R-class turned into Annual Golden Ocean shares. If Golden Ocean exchange rate remains stable meanwhile, believes Myrseth one can then sell its 17 percent gain.

The share rise 4.65 percent to 5.18 million.

Wall Street

Friday was not a good day on the US stock exchanges. Dow Jones plunged 611 points (3.4 percent) to 17,399.86, the worst drop since August 24 last year. The broader S & amp; P 500 index tumbled 3.6 percent to 2,037.30.

The fall affected all sectors, but banks, energy companies, tourism businesses and industry was particularly hard hit.