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Oslo Børs is down 0.46% to 875.60 points
– There are few positive impulses to follow in the international financial markets on Monday morning, so the tone is set for trade Europeans today, including Oslo Børs, writes Roger Berntsen in Netfonds on Monday.
The major trading partners of the United States; The EU, China, Canada, Mexico and many more are threatening to face significant tariff cuts over the US if Trump continues his offensive in terms of customs and trade , writes Berntsen.
The focus on openness is expected, among others, at Nordea, Gjensidige and REC.
LINK Mobility Group announced Monday that it has received from Victory Partners VIII Norway an offer for all shares of the company at a price of 225 NOK per share, a premium of 27.4% over the closing price last Friday. The price of the stock increases after opening 27.41 percent to 225 crowns.
REC Silicon reports Monday that it reduces the Moses Lake plant by 40%, reducing its production by 25%. REC decreases from 8.24% to 0.84 crown.
Gjensidige Forsikring increases by 0.37% after the announcement of the acquisition of the company by Nordea and the conclusion of a strategic partnership with Gjensidige.
The price of oil
Oil prices fell this weekend after Trump announced that Saudi Arabia and the United States had signed a production agreement.
Brent oil drops 1.14% to $ 78.33 a barrel.
American lettuce fell 0.93% and traded for $ 73.46 a barrel.
Fred. Olsen Energy fell 23.12% to 6.97 crowns after the expiry of the company's waiver period and there was no consensus on an extension of the payment period.
Equinor fell 1.02% to 214.2 crowns and is the most traded stock after the opening of the stock market.
The SGP drops 2.57% to 37.2 crowns after the utilization figures of its fleet for the second quarter. The rate of use of the company's fleet was 12% in the field of contract and 62% in that of multiculturalism. 18% of the capacity was steaming, 5% was in storage or waiting, and 3% was at the shipyard.
Asia Stock Exchange
Most Asian trade falls sharply on Monday, burdened by US tariffs announced this week
Kospi and Nikkei are down more than two percent, where Nikkei is overwhelmed by including the vehicle sector. Honda fell by 1.81% and Nissan by 2.32%. At Kospi, Hyundai drops 1.20%
In China, Shanghai Composite drops 1.84% while Hang Seng is closed. Otherwise, also lowered the expected pmi numbers from China.
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