stock Exchange
Relief in the markets the day before the presidential election in the united STATES.
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stock Markets in Europe rose markedly on Monday with increased risk appetite among investors after the FBI did not find evidence against the presidential candidate Hillary Clinton, and reject the mail-matter. At the same time, shows the latest opinion polls before the election the greater the head start of Clinton than in the previous week.
FBI director James Comey sent Sunday a letter to the kongressmedlemmene where it came out that the FBI is not going to go forward with the case against Clinton.
Nordea Markets writes in an update on Monday that if Clinton wins the election, this will create positive impact, while at the Trump-says one will see decline in all risky assets and flight to safe havens.
Even at a win for Trump will probably, however, the market normalize within a short time, they believe.
“despite The large market movements in connection with the presidential election this week, we think thus it will be a relatively short time before the focus turns back on the fundamental conditions, where the development is positive, and thus the market has a lot to take again, regardless of the outcome of the presidential election,” writes Nordea Markets.
Telia purchase Phonero
In the telecom market, it was Monday known that Telia buys Norwegian Phonero for nok 2.3 billion.
Transaction will not only increase Telias market share in the Norwegian business market from 13 per cent to 27 per cent, but also Telias share in the total market from 37 to 40 per cent.
“in our view, will the Competition will likely require mitigation measures to Ainmt/ice.net for to approve the agreement”, writes the Pareto Securities in an update.
For Telenor means the agreement that they get a bigger competitor in the business market, where Telenor has a shareholding of 67 per cent.
“For Ainmt/ice.net, this is a lost opportunity to increase the scale, but we emphasize that the measures likely to better the economy in Ainmt anything,” writes the investment firm.
Pareto Securities believes possible measures for Ainmt can be a extended the national roaming contract or the re-negotiated terms and conditions.
For Telenor’s part sees SEB-analyst Fredrik Thoresen a potential loss of grossistinntektene from Phonero from the end of 2017. The net effect of this is, however, challenging to quantify when Telenor also has had success in the market for small and medium-sized businesses
-Otherwise, we find consolidation is generally positive for all suppliers with potentially improved competition, ” says Thoresen to TDN Finans.
To TDN Finans ” says president and ceo Eivind Helgaker in Ice.net they think Telias acquisition of Phonero is a challenge for the competition in the market. Director of communications, Torild Uribarri in Telenor says on his page that the acquisition shows that competition in the telecom market works (TDN Finans article at 13:06).
Telenor 0.2 per cent to 128,2 million, sold for nok 231 million. Telia’s share price rose by 0.8 percent on the Stockholm stock exchange.
Schibsted fell
Schibsted fell on the stock exchange on Monday and the exchange rate on the class a shares ended below the level at the close of business on Thursday, before the company put up a quarterly report that lifted the stock Friday.
the Owners of the shop-the app Wallapop, which has a dominant position in Spain and France and a competitor to Schibsted, is in talks about the sale of its business for more than 370 million euros. Schibsted and south african Naspers pulled forward as a possible buyer.
DNB Markets believes this is negative news. They write that if Schibsted buys Wallapop, it can undermine the impression of the development they see in their own mobile app Shpock.
“If Naspers buys Wallapop, it may involve direct competition with Schibsted in a number of countries, and thus undermine the relationship they have in emerging markets, such as Brazil,” writes the investment firm in an update.
Our a-share ended down 2.6 per cent to 195,30 money, traded for nok 75 million.
Otherwise, step DNO shares 4.7 per cent on the Oslo stock Exchange on Monday. The most recent month the stock is down around 18 percent, and Arctic Securities believes that it is an overreaction and see it as a kjøpsmulighet.
the investment firm expects the risk related to the payout from The regional kurdish government (KRG) will slow down towards the end of the year.
DNO put up numbers on Thursday, and the Arctic-the analysts expecting an operating profit of four million dollars, since they only received two eksportbetalinger in the third quarter.
the main index on the Oslo stock Exchange ended up 1,15%, to 633,10 points, traded to 2.727 million.
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