The atmosphere dabber on the Oslo Stock Exchange.
After a vigorous opening, is the main index of writing in 608.01, which admittedly is still up 0.17 percent.
Stocks and ECs have so far traded 1.416 million.
the main index is thus down 0.4 percent so far this year, while the decline is 0.8 percent over the last 12 months.
Fish Analyst at Nordea Markets, Allison Giskeødegård, today’s guest in Economy News on HegnarTV.
the development happens in the wake of the slight recovery in the US yesterday and varied mood Asian exchanges earlier in the day.
Leading European exchanges are plus.
British FTSE 100 is up 0.1 percent, the German DAX 0.5 percent, French CAC 40 0 , 2 percent and Milan Stock exchange 0.3 percent.
Clean Divide the Fed
Investors digests yesterday’s minutes of the July meeting of the Federal Reserve.
the minutes revealed a split interest Committee on the question of how soon the next rate hike should come.
– No news is good news. Little clarity in the timing of the next rate hike at the July meeting have triggered bond rally, dollar falls and a greater risikoappetittet, says chief strategist for US interest rates, SUBADDRESS Rajappa, with Societe Generale said.
Dollar index against a basket of six of the world most currencies falling to 94.385, its weakest since Brexit referendum. German 10-year government bond yields falling three basis points to minus 0.08 percent.
DNB Markets writes in today’s macroeconomic report that it is “wait and see” inch thread that dominate proceedings in the FOMC (Federal Open Market committer) and that the more than in previous years with conditions outside the United States.
– Committee seem to soothe the limited reactions in the market after Brexit, but expressed concern about the state of health of European banks, China’s exchange rate policy and the prospects for world economic growth more generally. The Committee had also, not surprisingly, noted the upswing in US job growth. This, and less anxiety after Brexit, had reduced the short-term risk compared with June meeting, noting brokerage.
– The Committee (members) agreed that the moderate economic growth would continue, and so gradually absorb remaining slack . Inflation would remain low in the short term, but most (most) thought it would reach 2.0 per cent in the medium term, it added.
Brent oil in the $ 50
oil prices evolves mixed.
Brent October oil stands Thursday afternoon in $ 49.76 a barrel, down 0.2 percent in today’s trading, but up from around $ 49 a barrel since the Oslo stock Exchange closed yesterday.
WTI oil rising 0.4 percent to $ 46.96 a barrel.
Brent oil passed earlier in the day $ 50 for the first time in six weeks. That several OPEC members to have informal discussions about the production freeze at the International Energy Forum in Algeria about a month, continues to affect the trade.
– We are increasingly skeptical that new talks between OPEC and other major manufacturers will lead to an agreement. Prices are only marginally above the levels when the parties met in Doha in April and failed to agree, write analysts at ANZ in a note according to the news agency.
Yesterday’s stock figures from the US showed a fall in gasoline inventories and gave support to recovery.
– Inventory figures for gasoline will go far toward allay fears of a supply surplus. But one week’s figures does not establish a trend, says chief strategist for commodities in TD Securities in Toronto, Bart Melek, The Wall Street Journal.
DNO mark
On the Oslo Stock Exchange rises Statoil 0.4 percent to 132.50 kroner.
Otherwise, the oil was DNO one of today’s many tallfremleggere, and the reward is an increase of 4.8 percent to 9.40 million. The company now seeing a boost in investment next year.
On the positive side, we note also BW Offshore, which climbs 11.1 percent to 30 cents after ABG Sundal Collier has upgraded the stock from hold to buy with target price 40 cents.
Link Mobility rising 6.3 percent to 110 kroner after their numbers.
DNB, Yara, Telenor, Hydro, Subsea 7, Storebrand and Gjensidige are all up, but by less than the percentage.
Faller in fish after number
On the negative side dominate the seafood sector, where a number of companies have presented their quarterly results.
John Fredriksen dominated Marine Harvest did not meet the bottom line, but convinced the operation. The stock falls 2.0 percent to 129.10 kroner at today so far the highest volume.
Lerøy Seafood delivered record numbers, but did not reach up to expectations. The stock is down 4.0 percent to 350.50 kroner.
Austevoll Seafood served over half a billion in Q2, but also sees red by 4.2 percent to 63.25 crowns.
Grieg Seafood release nor from the red, although the company earned over 100 million more than expected. The decline of one percent to 51.50 crowns.
Salmar and Bakkafrost follows the sector down, falling respectively. 1.9 percent to 219.30 kroner and 1.2 percent to 292.30 kroner.
Salmon shares went earlier this week on a hit by a negative analysis of Nordea Markets analyst Allison Giskeødegård.
All current quarterly figures can be found here.
These rises most
In relative terms rising only two shares more than mentioned BW Offshore.
Itera is up 12.7 percent to 4.00 million, while Mercury Market-listed Atlantic Lumpus climbs 14.7 percent to 25.80 crowns.
Note that the latter is very thinly traded, after only two trades so far.
Seabird Exploration and Oslo Axess-listed Badger Explorer marks with upturns respectively. 9.6 percent to 14.90 kroner and 7.8 percent to 1.53 million.
Fredriksen to the bottom
At the other end, we find John Fredriksen dominated Deep Sea Supply, Roaring down 28.3 percent to 1.60 million after profit bang in Q2.
Virtually follows another figure presents. Q-Free delivered weaker and fall 21.4 percent to 8.02 million.
Two additional shares fall double digits. Standard Drilling, with Øystein Stray Spetalen and Arne Fredly ownership, falling 15.0 percent to 1.25 million. The company announced last Friday its entry into the wounded supply sector.
EMGS fall 15.3 percent to 5.55 million after halved the deficit.
We also take with Navamedic`s, which also lost money in Q2 and was down 9.1 percent to 11.00 crowns.
Bionor plunging 7.7 percent to 48 cents after brought in 105 million in new issues.
Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest.
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