The Asian stock markets are developing mixed Monday morning.
In Japan fell Nikkei 0.3 percent, while the broader Topix index ended down 0.2 percent.
In China is large cap index CSI 300 down one percent, while the Shanghai Composite falling 1.1 percent.
Hang Seng in Hong Kong rising on its side 1.4 percent.
in South -Korea rising Kospi 200 index one percent, while the commodity heavy Sydney Stock exchange was up 0.4 percent.
Read the whole Asia-commentary here.
Predicts all-time high
Netfonds expects Oslo stock Exchange opens up 0.94 percent Monday.
– Many investors have used the past two weeks to secure gains, which has resulted in lower stock prices. Today however, pointing all arrows upward, thus, equity investors can look forward to a positive start on European stock exchanges, including the Oslo Stock Exchange. It may incidentally be noted that earnings season (Q2) is nearing its end, and so far, the companies have delivered better than expected.
– This gives us reason to believe that the OSE continues upward autumn. In other words, should all-time high within reach, perhaps in the autumn? writes chief analyst Roger Berntsen.
As important events today he pulls forward PMI and ISM indices in the United States.
Oil prices
On Monday morning traded Brent oil for $ 43.76 barrel, up 0.5 percent in today’s trading.
WTI oil rising 0.2 percent to $ 41.80 a barrel.
in comparison, a barrel of North Sea oil traded at 41, $ 90 when the exchange closed Friday.
USA
the movements were small on Wall Street Friday.
the Dow Jones ended down 0.13 percent to 18,432, 24, while the broader S & amp; P 500 index climbed 0.16 percent to 2,173.60. Technology Heavy Nasdaq rose 0.14 percent to 5162.13.
Macro figures that were released before the stock market opening showed a much weaker than expected growth in the US economy.
– The weak figures indicate that Fed can safely wait to raise rates. The probability of an uplift in September, has been significantly reduced by these numbers. Our forecast suggests raising in December. Whether it will happen, growth must take up considerably in the 2nd half, wrote senior economist Knut A. Magnussen at DNB Markets in a note after the figures.
Prior to the Friday let both ExxonMobil and Chevron reveal figures. The former fell 1.4 percent, the latter rose 0.7 percent.
Read the US commentary here.
The Norwegian shares in the United States and Canada
Oslo stock
the main index on the Oslo stock Exchange ended at 612.63 Friday, after a decline of 0.49 percent.
Statoil fell 2.0 percent to 132.80 kroner on the Petrobras deal to purchase 66 percent of license BM-S-8 in the Santos basin offshore Brazil for $ 2.5 billion.
Otherwise oil rose DNO 2.9 percent to 8.60 million on offer to buy all new share capital in Gulf Keystone Petroleum for $ 300 million, after the latter’s refinancing.
Seadrill controlled Archer fell 6.6 percent to 4.80 million by bright red quarterly.
Investment Economist Tom Hauglund in Nordnet said Hegnar.no that concerns queued for both shareholders and banks.
Deep Sea Supply, with John Fredriksen ownership, topped winners by 10 percent increase to 1.76 million.
After Kjell Inge Rokke’s genius in Rem Offshore alerts Fredriksen battle of wounded supply ship owners, wrote Finansavisen.
Read the full exchange commentary here.
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