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Roger Berntsen, analyst at Netfonds, estimates that Oslo Børs opens 0.5%, in the range [0,3, 0,6] percent.
"Oil prices are trading at more than $ 60 per barrel, one dollar higher than Friday's levels.It is natural to assume that this will help the Oslo Stock Exchange today, oil-related stocks are an important part of the Norwegian stock market, but the price of oil is $ 25 below the October peak, and oil investors are now hoping for OPEC, with Saudi Arabia in the lead. will reduce production to raise or stabilize its price.The next meeting of OPEC will be held on December 6. The most important event this week is the G20 meeting, which will focus on global trade In addition, the United States and China will meet to discuss the trade war, but it remains to be seen whether this will produce positive results, "writes Berntsen in his morning report.
Oslo Stock Exchange
The main index of the Oslo Stock Exchange finished at 837.14 Friday after a decline of 1.40%.
The shares were traded for NOK 3.9 billion.
Of the 14 most traded shares, only two rose on Friday. The golden ocean rose from 3.88% to 58.95%, while Telenor recorded a slight rise of 0.03% to 162.85 crowns.
Borr Drilling could take a new bottom, finishing at 7.14 percent to 26.0 crowns.
oil prices
Monday morning, the barrel of Brent is up 2.23% to 60.11 gallons, while WTI oil climbed 1.59% to 51.22 dollars per barrel.
In comparison, a barrel of oil from the North Sea was traded Friday for a $ 59.21 bar on the Oslo Stock Exchange.
Black Friday has become the worst day for several years in the oil market.
On the lowest Friday night, Brent was trading at $ 58.43, down from the current high of $ 63.75.
US light oil dropped to $ 50.15 on Friday night, up from $ 55.0 the highest so far. Then we have to go back to October 25 to find a lower oil price.
Analysts point out, according to TDN Direct, that short-term prospects seem "bearish".
"It seems likely that a new period of weakness in the oil market is announcing this week as investors follow talks between Saudi Arabia and Russia at the G20 summit," said ANZ analysts in a customer information published by the news agency.
"However, there is hope that things can stabilize." Khalid al-Falih and Alexander Novak, Minister of Petroleum of Saudi Arabia and Russia, will attend the meeting and will be asked to submit proposals aimed at to put an end to the recent price decline, "added ANZ.
United States
The New York stock exchanges have not escaped Black Friday either. The Dow Jones lost 0.73% to 24,285.95, the Nasdaq lost 0.48% to 6,938.98, while the S & P 500 index decreased 0.66% to 2,632.56 .
For the week, the Nasdaq fell 4.3%, the Dow Jones lost 4.4%, while the S & P 500 recorded a weekly decline of 3.8%.
The set of American comments here
Asia
In Japan, Nikkei rose 0.82%, while the broader Topix index rose 0.28%.
The Shanghai Composite in China, however, lost 0.14% and the CSI 300 index lost 0.02%. Hang Seng in Hong Kong climbed 1.60%.
The Korean food market is up 1.07%, while the S & P / ASX 200 index drops 0.78% while the Straits Times is up 0.81% in Singapore.
The whole of the comment Asia here
Technical levels
"The main index of the Oslo Stock Exchange has broken the floor in a rising trend for a long time and is falling in the short term.On Friday, the main index fell 1.40% to 837, 14 points and has slightly exceeded the support level of 840 points.An established violation will be a sell signal, "said Christiania Securities.
"Index has support at 823, 818 and 794 points. On the upside, there is resistance at 863 and 882 points. RSI is close to oversold territory, which may provoke a reaction. The 50-day rolling average at 896.77 points equals a little more than 100 days, reduced by 896.05 points. If the 50-day discount exceeds the 100-day discount, there is a sell signal, "he says.
This is happening today
macro
- Germany: IFO Index, November, 09.00
- United States: Dallas Fed Index, November, at. 16.30
other
- Statistics Norway: Production and consumption of energy, energy accounts, 2017, kl. 08.00
- Statistics Norway: Production and consumption of energy, energy balance, 2017, kl. 08.00
- Statistics Norway: Producer price indices for services, 3rd quarter 2018, 08.00
- Multiconsult: Extraordinary General Assembly
Sources: Oslo Stock Exchange, TDN Direct and Statistics Norway (SSB)
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