the main index on the Oslo stock Exchange ended on 698,78 Thursday, after an increase of 0,80%.
Index was on track to break the 700 limit, but turned on 699,39 a little time before the end.
no Matter we are talking about the new all-time high, both intraday and at closing.
Shares and primary capital certificates were traded for 3.944 million.
Wall Street has opened up for knallsterke jobbtall, solid boligtall and a Philly Fed index that came in above expectation.
Leading European stock exchanges so red.
British FTSE 100 fell 0.6 percent, the German DAX by 0.04 percent, while the French CAC 40 went back 0,35 per cent.
Interest rate faster?
The u.s. central bank governor Janet Yellen held yesterday a speech on monetary policy in California, and came with a warning against exposing the interest.
Yellens view is that interest rate increases are reasonable because the Feds goal of two percent inflation and maximum employment is approaching. She also showed that it takes time before monetary policy works.
- To wait for a long time before the interest rate should be raised against what is perceived as the neutral interest rate (three per cent according to the Fed) can give an unpleasant surprise, either for the high inflation, financial instability, or both. In such a scenario, we may be forced to raise interest rates quickly, that could send the economy into a new recession, she said.
the Fed chief expects, according to the Financial Times to set up the interest rate “a few times a year” until 2019.
Although Yellen has conveyed a similar message earlier, it appears, according to DNB Markets, as more clearly now.
- In light of the fact that when the president, Trump has given a powerful fiscal stimulus, Yellen did not mentioned in his speech, it appears that the Fed is now ready to set the interest rate more quickly, if it should become necessary, writes senior economist Knut A. Magnussen in an update Thursday.
the Prospects of faster interest rate hikes sent the dollar up first, before the introduction of the euro brought into the forefront of today’s not surprising rentebeslutning from The european central bank (ECB).
At the press conference after interest rate decision expressed ECB-chief Mario Draghi that he is struggling to see a convincing inflationary pressures, which contributed to bringing the euro on the defensive again facing the dollar.
the EURUSD stands at the moment in 1,0601, corresponding to a dollarstyrkelse at 0.3 per cent in today’s trading.
the Upturn of the oil price
oil prices are on the offensive.
the Brent march-oil rises 1.1 per cent to the 54,53 dollars a barrel, slightly above the levels at the close in Oslo yesterday.
WTI-oil is up 1.2 per cent to 51,67 dollars a barrel.
Today’s rise comes in the wake of a new report from The international energy agency (IEA), who writes that the global oljemarkeder tightened to even before the cuts from OPEC and other producers was implemented.
at the same time alerts the IEA that it is too early to assess the extent to which the various OPEC member countries to cut as they have promised. Analysts also warns against the american skiferoljen that can come back to the market.
- Discipline and strict follow-up of the new quotas will probably be needed through 2017, and even longer before we can see a long-awaited and persistent rebalancing, type PVM Oil Associates analyst Tamas Varga in a note, according to Reuters.
oil prices will also receive the support of lagertall from the American Petroleum Institute (API), on Wednesday evening showed a significant lagertrekk in crude oil in the week until 13. January.
Hydro’s fresh China-rally
On the Oslo stock Exchange fell Statoil 0.2 per cent to 159,30 money.
elsewhere in the oil pulled Aker BP up 0.3 per cent to 159,90 million, while DNO fell 2.0% to 8,97 money after that Nordea Markets has downgraded from buy to hold.
From the gate, incidentally, marked the Norsk Hydro with an increase of 3.7 per cent to 44,89 million.
the Whole sector was, according to the Reuters a boom after the United states when mr. Wilbur Ross in a hearing in the Senate yesterday went hard out against the chinese price dumping of steel and aluminum.
at the same time, enter Goldman Sachs, in an analysis that aluminiumsprisen can rise to around 2,000 dollars per tonne if China cuts capacity by 2.5 million tonnes.
we are a China case study. They can make as much as they want at home, but it is the development in China as controls. Thus, the Goldman-news it is only significant for the development of the day, ” says Carnegie analyst Morten Normann to TDN Finance.
Goldman Sachs nedjusterte according to the news anyway kursmålet on Hydro from 45 to 42 million.
REC Silicon marked him also positively, and rose 5.4 per cent to 1,47 million. Chairman of the board Jens Ulltveit-Moe, held today a lecture on Paretos energikonferanse. The presentation can be found here.
Salmon was ticking upwards
the Effect was otherwise not very large, neither the one or the other way.
NEL rose 2.5 per cent to 2,08 million after having entered into a memorandum of understanding with Hexagon Composites and Powercell ” to form a joint venture for the development of integrated hydrogenprosjekter, in the first instance in the maritime and marine areas.
Hexagon rose 2.3 per cent to 27,10 money.
Several lakseaksjer was ticking further up after that analysts face On predicts the new prisrekorder in 2017. Among the predictions is resultatfest from the Norway Royal Salmon and Grieg Seafood. The latter rose by 3.0 percent to 75,10 money.
Marine Harvest rose one per cent to 156,10 money.
SpareBank 1 SR-Bank tops volumlisten after that Mutual Insurance has sold 10 million shares, equivalent to 3.9 per cent of the bank. Mutual owns after this, 0.9 per cent, and points out in the message that the remaining shares will be governed as a pure financial investment in Gjensidiges portfolio of investments.
Mutual ended up 0.7 per cent to 137,80 money, while SpareBank 1 SR-Bank fell 1.6 per cent to 61 million.
Riggaksje yppet
Relative step is no more than Targovax, which ended up 13,4%, to 13,55 million.
Almost came Polarcus, after having notified the market of a TGS contract for 3D seismic data. The stock popped up 13.3 per cent to 51 cents.
the TGS even step for the other 1.4 per cent to 198,50 money for a nyhetsrush in the afternoon.
High on the winner list also came Odfjell Drilling. The only stock that gets kjøpsanbefaling in Danske Bank’s major update on the rig market rose 5.7 percent to 16,70 money.
analysis supervisor Truls Olsen at Fearnley Securities draws in Mallorca forward Kværner as a possible destination for feltutviklingsvirksomheten in Aker Solutions. The market sent the Interest up 4.5% to 11,55 million in Thursday’s trading.
Aker Solutions ended unchanged at 45 million.
We also take with Link Mobility, which climbed 7.1 per cent to 159,50 money after having entered into a letter of intent for the purchase of the Spanish Global Messaging Solutions (GSM).
Gruveaksje to the bottom
Intex Resources tops taperlisten with a fall of 12.5 percent to 2,04 million, after having received a confirmation that their from the facility for the Mindoro project has been cancelled.
Almost came Techstep with a decline of 8.2% to 5,83 million.
We also take with the Solon Property and the Seadrill-controlled Sevan Drilling, which fell respectively. 6.7 per cent to 14 cent and 6.5 per cent to 6.35 million.
We do note that It by Trygve Hegnar owns four million shares, equivalent to an ownership interest of 0.9 per cent, in Marine Harvest.
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