Home / norway / This has consequences for the Oslo Stock Exchange

This has consequences for the Oslo Stock Exchange



Network fund and analysis manager Roger Berntsen believe that the Oslo Stock Exchange opens 0.5 percent, or within the interval [0,3, 0,6] per cent.

"The stock markets in Asia ended mixed on Thursday. The attitude of investors is awaiting the stalled trade situation between the US and China. The countries have not yet reached an agreement on a new trade agreement despite several months of intensive negotiations. That said, there may be many happen in a short time, because Trump & # 39; s negotiating tactics on previous occasions proved to be unpredictable, "writes Berntsen in the morning report.

Moreover, the analyst writes that the financial markets are, in any case, generally uncertain about the future, since long and short interest rates are approaching the same level again.

"That means that the 10-year interest rate in the US is marginally above the 2.36 percent three-month rate. This is a sign of weaker growth prospects. It is of course logical to assume that a possible solution to the trade conflict between the United States and China will improve global growth prospects, "said Berntsen.

"The oil price is 1.3 percent higher than yesterday. Companies that are in focus today are Sbanken and Frontline (results), as well as Norsk Hydro (positive news from Brazil)," Berntsen concludes.

Oslo Stock Exchange

The main index on the Oslo Stock Exchange recorded 0.25 percent on Wednesday before ending at 866.55 points. The shares were traded for NOK 4.25 billion.

Norwegian fell further, and NOK 34.90 had fallen during the day. The share eventually ended at NOK 35.20, a decrease of 4.01 percent.

Grieg Seafood recorded a profit after tax of NOK 255.6 million in the first quarter of 2019, compared to NOK 227.7 million in the same period last year. The stock jumped 8.67 percent.

Schibsted realized a profit after tax of NOK 320 million in the first quarter of 2019, compared to NOK 169 million in the same period last year. The A share fell by 5.37 percent, while the B share fell by 3.57 percent.

Kid Interiør provides better operations and reports an adjusted profit after tax of minus NOK 0.50 million in the first quarter of 2019, compared to minus NOK 1.8 million in the corresponding period in 2018. The boys' share increased by 6.43 percent.

The full stock market commentary here

oil prices

The Brent oil is an increase of 0.42 percent to $ 72.07 per barrel on Thursday morning, while the STI oil rises 0.53 percent to $ 62.35 per barrel.

United States

After being opened on red ground on disappointing macro figures, the American stock markets performed well on Wednesday.

Dow Jones rose 0.45 percent to 25,648.02 points. Nasdaq rose 1.13 percent to 7,822.15 points. S & P 500 increased by 0.58 percent to 2,850.96 points.

The turnaround occurred after the news that the United States would postpone rates for cars from the EU. The deadline for the decision was originally the following Saturday, but Bloomberg announced Wednesday that this deadline can now be postponed by six months.

Key figures from the US. showed on Wednesday that retail sales in April did not meet expectations. Retail sales decreased by 0.2 percent, while according to our macro calendar it was expected to increase by 0.2 percent in April.

The entire US respond here

Asia

In Japan, Nikkei fell by 0.68 percent, while the broader Topix index fell by 0.59 percent.

The Shanghai Composite in China, on the other hand, climbed by 0.28 percent and Hang Seng in Hong Kong increased by 0.24 percent.

Kospi in South Korea weakened 0.89 percent, the S&P / ASX 200 index in Australia rose by 0.30 percent and the Straits Times in Singapore rose by 0.05 percent.

The entire Asia commentary here

This is happening today

Results

Results, foreign

macro

different

Sources: Oslo Børs, TDN Direkt and Statistics Norway


Source link