The arrows pointing upwards on the Oslo Stock Exchange from starting Friday – as expected – and the stock exchange has remained in positive territory throughout the morning.
The main index on account of writing to 609.63, after rising by 0.23 percent.
The stock exchange are therefore roughly at the same levels as at the beginning of 2016.
Shares and equity certificates are so far sold 647 million.
the development happens in the wake of a flat Wall Street yesterday and mostly positive Asian exchanges earlier in the day.
Europe up, oil down
Leading European exchanges continue after yesterday’s interest rate cuts and stimulus package from the Bank of England.
British FTSE 100 is up 0.36 percent, German DAX 0.15 percent, while the French CAC 40 rising 0.50 percent.
today, investors’ eyes on the US labor market report (non-farm payrolls) as submitted in time 14:30.
the report is considered by many as “the month important”, and the expectation is according to MarketWatch that 185,000 jobs were created outside the US agricultural sector in July. It would then be down from 287,000 in June.
The unemployment rate is expected to fall from 4.9 to 4.8 percent.
Oil prices fall albeit in today’s trading, but is well above levels at closing yesterday – around $ 42.90 a barrel.
Brent October oil falls 0.52 percent to $ 44.06, while WTI oil is down 0.43 percent to 41.75 barrel.
Norwegian sees red
On the Oslo stock Exchange rises Statoil 0.30 percent to 134.20 kroner, the Norwegian 1.88 percent to 108 , 60 million and DNO 1.53 percent to 8.62 million.
PGS continues where the stock dropped yesterday, and rising new 1.21 percent to 16.78 crowns.
Norwegian corrects down 2.54 percent to 306.90 kroner after yesterday’s sharp rise in the wake of the traffic figures for July.
Norne Securities reiterates today its sell recommendation on Norwegian, with price target 230 million.
Analysis Manager Karl-Johan Molnes and analyst Mindaugas Cekanavicius shows that Norwegian shares did not move when Finansavisen last week stuck a Ryanair flight on the front labeled “Price war at Gardermoen.”
– This shows that shareholders have fallen asleep. We recommend investors to sell Norwegian shares before the effect of increased competition in Norway reflected in the results, concludes duo.
The competitor SAS – which according to the Norne should erect a statue of Kjos at Fornebu – falls on its side 0, 61 percent to 16.30 crowns.
Two mosquitoes in tet
Relatively speaking topped winners by two oil mosquito.
Atlantic Petroleum rising 14.83 percent to 12 million, while the Oslo Axess-listed African Petroleum is number two so far at plus 6.67 percent to 2.88 million.
Reach Subsea follows in space behind with a rise of 4.58 percent to 1.60 million.
on the negative side we find Oceanteam Shipping very top, after a decline of 7.65 percent to 3.50 million.
Almost follow Hugo Games, which pulls down 7.38 percent to 3.01 million.
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