[ad_1]
The Oslo Stock Exchange fell early on, but has seen a slight rise shortly after opening. The best thing for the market would have been if the outcome of the US elections had already been clear, according to an analyst at Nordnet.
Published:,
The Oslo Stock Exchange fell 0.66 percent from the start of Wednesday. A few minutes before the open, the leading index was 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.
Shortly after the stock market opened, Børsen rose again, and in the 10-hour period the leading index was up 0.35 percent.
See the full interview with Magnussen here:
In Asia, there was a rebound this morning. At the same time, the arrows were pointing up for Wall Street, but Dow Jones index futures were down before the stock market opened.
It happened after Donald Trump said he would take the election result to the US Supreme Court. It may be a long time before you get the final result of the elections in the United States.
– I think the uncertainty this creates is the reason why we now see some negative trends on the Oslo Stock Exchange, says Magnussen.
The price of oil is down 0.8 percent since last night and is trading at $ 39.82 a barrel in 10 hours.
Rec Silicon has been Børsen’s most traded since the beginning and is up more than 4 percent an hour after opening. Nel is just behind, rising 0.37 percent, while Equinor is slightly up 0.08 percent.
Mowi released quarterly figures Wednesday morning and fell nearly 2 percent in early trading, but has slowed the slide to 0.39 percent. The company had a decrease in operating profit and will not pay dividends in the quarter.
Multiconsult had a strong profit improvement in the third quarter, increasing 7.14 percent at 10 a.m.
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.
Nordnet analyst Roger Berntsen thinks it appears to be 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.
also read
E24 Podcasts: Trump vs. Biden – US Election Special
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.
So both the Asian stock markets and the futures on Wall Street were an advantage.
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.
also read
Strong market effects: – Markets like that are about to end
Read the full morning report here Mowi drops dividends also for the third quarter