Analyst: How to open the Oslo Stock Exchange



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Roger Berntsen, analyst at Netfonds, estimates that Oslo Børs opens up 0.6%, or in the range [0,3, 0,8] percent.

Jerome Powell, chief executive of the US central bank, said yesterday that interest rates are approaching neutral levels, and stock markets have reacted immediately to the return and sent all major indices in a straight line. to think that this will contribute to the stock markets in Europe today, including in Oslo Børs.The 10-year US rate now stands at 3%, while the 3-month rate is 2.3% That said, oil prices have fallen again overnight, which will limit the rise in oil-related stock prices, "writes Berntsen in the morning's report.

Oslo Stock Exchange

The main index of the Oslo Stock Exchange fell 0.27% Wednesday before reaching 854.46 points. The shares were exchanged for 4.1 billion kroner.

Large companies like Yara and Telenor lost 1.14% and 0.06% respectively, while DNB gained 0.51%.

Fred. Olsen Energy announced a week ago that it was Negotiations with a buyer of choice for the sale of the 2014 drilling vessel, Dolette Bolette Dolphin, for $ 340 million, or about $ 2.9 billion. According to a message on Tuesday night, this potential buyer has chosen to withdraw and the stock has fallen 8.18%. This means that the stock has dropped 94% so far this year.

In addition, Jinhui Shipping and B2Holding released their quarterly figures and their inventories fell by 6.98% and 8.05%, respectively.

The stock comment here

oil prices

Thursday morning, Brent oil is down 0.12% to 58.69 dollars a barrel, while WTI oil increases 0.22% to 50.40 dollars.

For comparison, a barrel of oil from the North Sea was traded Wednesday at the Oslo Stock Exchange for $ 60.01.

New figures from the US Department of Energy show that Crude oil inventories in the United States rose 3.6 million barrels to 450.5 million barrels last week. According to Direct Macro, an increase of 0.8 million barrels was expected.

United States

Shares rose Wednesday after statements by the US central bank.

– interest rates remain low by historical standards and remain just below estimates indicating a neutral level for the economy; they do not slow down or accelerate economic growth, US Central Bank chief Jerome Powell told the New York Economic Club on Wednesday.

Slight concerns over the US-China trade dispute also contributed to the rise in shares on Wednesday. According to a New York Times article, Trump worried about the market and the economic repercussions of a long trade war with China.

During the trading day, the Dow Jones index rose 620 points, making it the best day of the index since March 26 this year. The index, composed of 30 industrial stocks, climbed more than 1,000 points this week to reach 2,5,367.35 points.

The S & P 500 was up 2.3% to 2,743.79, investors having interpreted the central bank's comments as meaning that there would be fewer interest rate increases in 2019, which could potentially derail the bull market.

Nasdaq climbed 2.95% to 7,291.59.

The set of American comments here

Asia

The governor's speech in the United States also crosses Asian stock markets, where he usually gets up on Thursday morning.

In Japan, Nikkei climbed 0.35%, while the broader Topix index rose 0.40%.

In contrast, Shanghai Composite in China fell 0.41% and the CSI 300 index of 0.53%. Hang Seng in Hong Kong lost 0.60%.

Kospi in Korea rose 0.17%, the S & P / ASX 200 Index in Australia climbed 0.58%, while Singapore's Straits Times rose 0.76%.

The whole of the comment Asia here

This is happening today

results

  • Höegh LNG: 07:00, conference call at. 09.00
  • Odfjell Drilling: Conference call at. 15.00
  • Avinor
  • BOA OCV
  • Boa Offshore
  • Boa SBL
  • Havila Expedition
  • Havyard Group
  • Exploartion and InterOil Production
  • Veritas Petroleum Services

macro

  • Japan: retail trade, October
  • Norway: K2 credit indicator, October, at. 08.00
  • Norway: Amount in money, October, in. 08.00
  • France: preliminary GDP, 3 quarters, in. 08.45
  • Spain: preliminary CPI, November, to. 09.00
  • Germany: Unemployment, November, 09.45
  • EMU: Economy, November, 11:00
  • Germany: preliminary CPI, November, to. 14.00
  • United States: Unemployment claims, weekly data, cl. 14.30
  • United States: PCE inflation, October, at. 14.30
  • United States: staff income, October, at. 14.30

other

  • Norsk Hydro: Financial Markets Day, London
  • Statistics Norway: Income composition of low-income families, at. 08.00
  • Statistics Norway: Electricity, 2017, at. 08.00
  • Norges Bank: Egil Matsen's lecture at the Norges Bank, at the address. 09.00

Sources: Oslo Stock Exchange, TDN Direct and Statistics Norway (SSB)

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