The arrows pointing slightly downward from the start on the Oslo Stock Exchange Friday.
The main index is in writing (9:41) in 602.62, down 0.3 percent.
Stocks and equity certificates are traded for 395 million.
The development happens in the wake of the upswing in the US yesterday and Tokyo today, while the rest of Asia saw red.
Easier nervously before Fed
Leading European exchanges also fall from the start.
British FTSE 100 is down 0.2 percent, while the German DAX and French CAC 40 are down respectively. 0.3 and 0.4 percent.
The mood among investors is easier nervous ahead of the potentially historic monetary policy meeting of the Federal Reserve next week, where the US is expected to see its first interest rate increase in nine years.
– Most investors is low ahead of FOMC meeting (Federal Open Market Committee) next Wednesday and Thursday, writes chief analyst for Julius Baer in Asia, Mark Matthews, in a note Friday.
For CNBC in yesterday said Dan Farley, regional investment strategist for The Private Client Reserve at US Bank, the market in many ways trying to get over oil and on to next week’s events – that Fed.
– The greatest risk factor for the market in the short is that the central bank raises, he said.
The oil price continues down
Oil prices fall on Friday morning .
Brent January oil falling 0.4 percent in today’s trading, to $ 39.56 a barrel, which is 30 cents below the levels at closing yesterday.
WTI oil down 0.3 percent to $ 36.64.
Oil prices are with this took its weakest week since March.
Bloomberg reports according to TDN Finans about speculation that goes on OPEC with its decision last Friday in practice abolished the production target.
The fear is that the supply surplus in the oil market will continue.
– OPEC production in November suggests that the global supply surplus grows. It is difficult to find any positive elements seen from the demand side. Oil may continue to fall towards $ 30 a barrel, said commodity analyst Will Yun in Hyundai Futures in Seoul to Bloomberg.
Statoil, Seadrill sees red
The impact is relatively small among the most traded shares.
Statoil falling 0.6 percent to 122.80 kroner after having announced a series of transactions with Repsol this morning. The company sells its including into the Gudrun field here at home, but buying into shale oil field Eagle Ford in the United States.
Seadrill continuing downturn and falling another 2.5 percent to 37.89 kroner.
Upstream reports according to TDN Finans that the company will be negotiating with the Dalian Shipbuilding Industry Offshore (DISC) on delayed delivery of jackup rigs “West Titan” and “West Proteus.”
Many stocks falls, but not as much. Yara, Subsea 7, Salmar, TGS and Schibsted A is all down around 0.5 percent.
Hydro, Opera countercurrent
Norwegian Hydro goes like yesterday countercurrent, and rising 0.4 percent to 30.90 million.
Danske Bank Markets analyst Eirik Melle showed opposite TDN Finans yesterday to capacity cuts in China, and in addition that the US government has increased import duty on extruded aluminum products China.
NEL, with Øystein Stray Spetalen ownership, is up 2.1 percent to 3.93 million. The Board has appointed former REC Top Jon Andre Løkke as new CEO with effect from January.
We also note that Opera Software exceeds 2.0 percent to 51.25 kroner after Jefferies has taken up coverage with buy recommendation and price target 75 million.
The brokerage sees thus an upside of almost 50 percent.
We also take that Norwegian eases 2.1 percent to 305.60 kroner.
Collapse in biotech
In the top of the list of losers we find Serendex Pharmaceuticals, which continues where it left off yesterday. The stock fell sharply yesterday after a message about the rights issue and the projects put on hold.
Today’s fall is of 26.7 percent to 2.20 million.
Virtually follows Intex Resources on minus 14.9 percent to 40 cents, while Spectrum and Seadrill-controlled Archer is down 9.8 percent.
Another company with John Fredriksen ownership, Deep Sea Supply, falling 6.8 percent to 1 , 52 million.
At the other end we find African Petroleum very top, with a rise of 25.2 percent to 1.29 million.
Bionor Pharma follows almost at plus 18, 2 percent to 1.56 million.
Oljeservice trio EMGS, Emas Offshore and Polarcus also rising double digits – 11 to 16 percent.
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