Friday, December 2, 2016

Stock market turns down with oil prices – Hegnar Online

Arrows pointing downward in early trading on the Oslo stock Exchange Friday.

the main index is at the time of writing (09:39) in 658,61, down 0,63 per cent.

Equities are now traded for 539 million.

the Development happens in the wake of a mixed Wall Street yesterday and red the Asia-stock exchanges earlier in the day.

Waiting on the united STATES-report

Leading European stock exchanges also fall.

British FTSE 100 is down 0.8 per cent, the French CAC 40.

the Focus is today directed towards arbeidsmarkedsrapporten from the united STATES, by many characterized as the month’s most important report.

the Consensus point, according to Marketwatch that 200,000 people were created outside jordbrukssektoren in november, while the unemployment rate is expected unchanged at 4.9 per cent. If so, this will be a huge upswing from 161.000 in October.

Thursday’s numbers for førstegangssøkende to ledighetstrygd (jobless claims) were slightly higher than expected, but the level is still very low and indicates further improvement in the labour market, mean DNB Markets.

oil prices turn down

the oil price breaks the upward trend after the OPEC cut.

Brent February oil falls 1.2 per cent to 53,27 dollar, slightly down from around 53,40 dollars a barrel when the stock exchange closed yesterday.

WTI-oil falls 0.8 per cent to 50,64 dollars a barrel.

the Market focus according to Bloomberg now on how the agreement will be implemented, and how the producers outside of OPEC will react.

Analysts warned that the higher prices could tempt producers outside OPEC to increase production.

- If only one thing goes wrong, that that the OPEC does not comply with produksjonskvotene, or that skiferoljeprodusenter stairs up, will the market be in trouble. We do not see any significant change on the output, because the prices of over 50 dollars a barrel is a signal of increased skiferoljeproduksjon, says markedsstrateg My Byungkyu at Yuanta Securities in Seoul to Bloomberg News, according to TDN Finans.

analysis supervisor Scott Darling in the JP Morgan acknowledge according to the Wall Street Journal that OPEC has a weak history on the to deliver the agreed produksjonskutt.

On the nettobasis, we expect that this will provide a innstramning in the market, ” he says to the newspaper.

shipping Company against the current

On the Oslo stock Exchange is weighing Statoil, with a decrease of 1.1 per cent to 150,20 money.

elsewhere in the oil drops Aker BP 0.9 per cent to 140,90 money, while the DNO is actually up 1.1 percent to 7,73 million.

Subsea 7 rises also, i.e. by 0.6 per cent to 104,10 million, after the award of contract worth billions.

Questerre corrects down to 2.7 per cent and amounted to 3.29 million, while Seadrill goes back 2.4% to 26,05 money.

Höegh LNG marks the positive, with an increase of 5.3 per cent to 94,50 money after the transfer of ownership of the ship.

Yara and Telenor fall respectively. 1.7 per cent to 309,70 million and 1.3 per cent to 123,80 money.

Yesterday’s børsdebutant Arcus is among the winners with a rise of 1.6 per cent to 43,70 money.

Oljemygg to the bottom

Oljemyggen Panoro Energy peaks taperlisten with a fall of 19,3 per cent to 3,39 million on partnerkrangel in Nigeria.

Storm Real Estate follows almost with a decline of 16.5 per cent to 4,01 million.

We also take with Reach Subsea, which is at minus 9.1 percent to 1.80 million.

winners rises two shares more than the aforementioned Höegh LNG.

Mercury is the Market-listed Sino Agro Food is up 11.0 per cent to 35,30 money, while Avocet Mining rises 7.3 percent to 6,00 million.

LikeTweet

No comments:

Post a Comment