the Oslo stock Exchange fell with the world’s financial markets on Monday. Despite a small sluttspurt in oil prices, ended the main index the day down 1,41 percent to 609,04 points.
It is Statoil that drove the decline with a fall of 1,33 percent to 126,5 million per share, but børslokomotivet are not alone: 18 of the 20 most traded shares in today’s trade ended in red.
It is worth noting that several of the fiskeaksjene got rudely with. Marine Harvest fall than 1.44 percent to 136,5 nok per share.
at Least lucky is the development of the Psalms, which falls 5,31 per cent, while Bakkafrost spreller against the current and rising 0,26 per cent. DNB Markets lit on Monday that they take into Bakkafrost in its portfolio, at the expense of just Psalms.
– Implicit verdsettelsespremie on Bakkafrost is, based on the estimated EPS for 2017 (earnings per share), in our view, marginal in relation to the valuation of SalMar. Bakkafrost is, however, to a lesser extent exposed to the biological challenges, and with an unchanged view of the development of sjømatselskapene forward, do we thus have a switch within the same sector, enter the investment firm.
the Downturn in Europe
In the rest of Europe is børsbildet as the following:
- The German DAX index falls 1,85 per cent in Frankfurt
- the FTSE 100 in London is down 1.25 per cent
- the CAC 40 in Paris falls to 1.81 per cent
One of the major themes in the financial markets, the global uncertainty related to the european banks in general, and the giant Deutsche Bank in particular.
the Insurgency has gained renewed strength after it became known that the u.s. government requires storbanken for a two-digit milliardbeløp, and at the weekend said Germany’s chancellor Angela Merkel that politicians do not stand ready with any financial rescue package.
This burdens the european banking sector. Deutsche Bank falls 6,49 per cent, and other storaktører as HSBC (-0,69%), Barclays (-2,13), Commerzbank (-2,97) and BNP Paribas (-3,03) are drawn with.
Here at home is DNB down 1,72%, to 102,8 million per share.
oil price swings
the price of oil is in a volatile period where the news feed driver mood. After a real upturn before the weekend, opened it down for the weekend, but has since brought in a good part of it is lost.
VOLATILE: oil prices rose before the weekend, but fell back in the entrance to the this week.
Players in the oil following the Opec meeting in Algeria with argusøyne. The last thing that should exist is a draft of an agreement in which Saudi Arabia scaling down its production to the January level against that Iran agree not to increase their production.
the Outcome of the talks in Algeria is, however, highly uncertain, and this is reflected in the market pricing.
financial markets have started handelsuken in a cautious mode, with the possibility of the first us presidential debate and nøkkelutvikling in the oil market can drive sentiment, writing Hantec-analyst Richard Perry in a note, according to Marketwatch.
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