Wednesday, November 9, 2016

The crown depreciates – the price of oil is falling – “

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Although the result formally is not finished, the trigger Trumps progress and likely victory in the presidential election the big waves in the financial markets.

Read: Trump can lower the price of oil and the crown

the stock Exchange of New York is closed, but in the electronic fremtidshandel is the effect large. In the moment of this writing the DOW Futures down all the 675 points (3,70 percent) and the S&P 500 Futures are down 94,75 points (4,43%).

Read: Clinton = higher oil prices and a stronger krona

Even worse is the evolution of the main indices on asian stock exchanges on Wednesday. Tokyo is down the entire 6,12 per cent one hour before closing time, Seoul down 3,51 per cent, hong Kong is down 3,56% and Singapore is down 2,01 per cent (all figures updated at 06.31 bst).

In the foreign exchange market weakens the Norwegian krone against the euro (-1,50%) 9,19 money, but appreciates against the dollar (+0,40 per cent) to 8,19 million. The crown weakens also against the pound sterling. At the moment is the depreciation 0,42 per cent compared with the closing price yesterday. The price for one british pound is now 10.22 million.

the price of oil falls and contributes to the fact that the krone exchange rate depreciates against the euro. At the time of writing (the clock 08.05 bst) is the price of nordsjøolje Burned Spot down 1,18 percent to 45,29 dollars a barrel.

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- Prospects for a prolonged period of uncertainty on the markets is enough there that probably will help to ensure that the krona will trade at weak levels against the euro compared with the levels in October and until last night, writing the Due-Andresen.

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- The market consequences of valgutfallet looks so far to be in line with what we outlined in advance. Stock markets in Asia have fallen significantly, with the greatest fall for Nikkei225 (roughly 5%). In the foreign exchange markets have the largest impact has come for the mexican pesoen. USD depreciates considerably against the euro and the yen (down around 2.5% from yesterday). Oil prices are falling, and contributes to the fact that the krone exchange rate depreciates against the euro, writes the analyst in DNB Markets Knut Magnussen in a morgerapport Wednesday.

He believes the victory to Trump reduces the likelihood that the Fed sets the interest rate up to 14. December. This as a result of increased uncertainty and volatility in the financial markets in a period ahead. Markets the price now in only 40% probability for termination.

Similar to NA24 here and get several fresh financial news!

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