Oslo Børs falls from the beginning – E24

The case is being updated

The Oslo Stock Exchange is down 0.66 percent from the start of Wednesday. Within minutes of opening, the leading index is down more than one percent.

– Not very surprising when there is total uncertainty in the US elections, says senior economist Knut A. Magnussen at DNB at E24.

See the interview with Magnussen at the stock market opening below on the case.

In Asia, there was a rebound this morning. At the same time, the arrows were pointing up to Wall Street, but just before the exchange opened, Dow Jones futures had faded.

It happened after Donald Trump said he would take the election result to the US Supreme Court.

The price of oil is down 1.20 percent since last night to $ 39.74 a barrel at the opening of the stock market.

Rec Silicon is the most traded stock exchange from the start and is climbing above 5 percent. Sparebanken Vest follows with a decrease of 0.31 percent, and Nel falls 3.87 percent. Equinor is also down and down 0.92 percent.

Mowi released quarterly figures Wednesday morning and is down 1.93 percent shortly after the open.

Result still unclear

It is not yet clear who will flee with the victory in the US elections, but overnight Trump’s optimism has taken hold of the stock markets. If optimism spreads to the Oslo Stock Exchange as well, it will be the second time in a row that the stock market has risen after the US presidential election.

E24 Direct: 2020 US Presidential Election

Since 1996, the Oslo Stock Exchange has had three days of recovery after the US presidential elections and three days of decline. With Wednesday’s rise, the Oslo Stock Exchange will have risen four out of seven times in the last 24 years.

Berntsen thinks it seems like a balanced choice.

– The best for all parties would have been if we already had the result ready, but unfortunately the vote count will take time, he wrote in his morning report before the opening of the exchange.

The most important thing is a clarification.

A decision in the presidential elections that is prolonged will be negative for the market, several analysts believe, and the most important thing is to clarify who is the winner.

– It is a bit special at the moment, as you have ended up in the situation you could have feared in relation to the market, as this is currently unclear. In that regard, it is strange that markets are reacting so positively, chief investment officer Leif-Rune Rein at Nordea Liv told E24 this morning.

But markets may have started to price a clarification in a reasonable amount of time, he believes.

– It seems that markets like the ones we are close to completing with this, said Rein.

Read the full morning report here