World Courant
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The snow is blowing across the inventory trade constructing within the capital, however the traders will not be upset. After a brief fifteen minutes of buying and selling, they’ve despatched the principle index up about 0.40 p.c. The oil value drops by about one p.c within the morning hours on Monday, however is at roughly the identical stage as when the inventory market closed on Friday.
Paid in line with quarterly figures
Oil providers firm Aker Options introduced third-quarter figures on Monday morning, displaying a income enhance of NOK 14.3 billion, in comparison with NOK ten billion in the identical interval final yr. Pre-tax revenue ended the third quarter at NOK 1.1 billion, greater than doubling from the earlier yr’s quarter. The traders reward Aker Options with a value enhance of about 9 p.c.
Automobile transport firm Höegh Autoliners is up about 1.7 p.c, Equinor is kind of flat, whereas each Aker BP and tanker Frontline are up barely.
An IPO is approaching for the consultancy agency Norconsult. Now they’re out with a doable prize. Norconsult will challenge shares for between NOK 19 and NOK 23, which implies a valuation of the corporate of NOK 5.7 billion to NOK 6.9 billion.
The small firm Univid drops greater than 30 p.c after Oslo Børs determined to take the corporate off the inventory trade. The corporate believes that an error was made within the course of and is interesting towards Oslo Børs’ determination.
The article continues beneath the commercial– Purchased over
Oil costs have been partly influenced by the struggle between Israel and Hamas, the place market fears are an escalation that can draw different nations within the oil-rich area into the battle. The Israeli military has now introduced that the struggle is coming into a brand new section and that heavy combating passed off between Israel and Hamas this weekend.
In keeping with Bloomberg, the offensive has been extra cautious than anticipated.
– The weekend confirmed that the navy battle remains to be restricted to Israel and Gaza. In gentle of this, oil seems to be overbought, Vandana Hari, founding father of Vanda Insights, instructed the information company.
She says oil costs are prone to fall till the following threat occasion.
The gold value is falling
US long-term rates of interest fell barely on the primary buying and selling day of the week. The concern index can also be down barely, whereas futures contracts level to a rebound on Wall Avenue later at the moment. The value of gold, thought of a protected haven in unsure occasions, falls beneath $2,000 per ounce.
Later this week, the US central financial institution will make a brand new rate of interest determination. There may be nonetheless stress out there about whether or not the US will increase rates of interest once more this yr or whether or not the height has already been reached, and when the primary rate of interest cuts will come.
On Friday, the S&P 500 index led to a correction. The index has fallen greater than ten p.c from its peak this summer time. Morgan Stanley fairness strategist Michael Wilson says traders hoping for a inventory increase in direction of the top of the yr might be disillusioned.
– The possibilities of a rally within the fourth quarter have decreased considerably, he says, in line with Bloomberg, pointing to unfavourable earnings revisions and weaker client confidence, amongst different issues. (Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We wish you to share our instances through hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by regulation. For additional situations see right here.
DN’s commenter on day buying and selling: – Like going right into a on line casino and taking part in towards the financial institution
DN explains to you what day buying and selling really is.
02:49
Printed: 18.10.23 — 11:17
Fairness Strategist: – The possibilities of a fourth quarter rally have diminished considerably
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