(Obi.no:) “It was considerably better mood in the financial markets in the past week, global stocks rose 3.4 per cent – both in local currency and in Norwegian kroner,” type seniorstrateg Sigrid Wilter Slørstad in Nordea Wealth Management in a recent update.
A less confrontational tone from both the deputy prime minister of Italy Matteo Salvini and Jean-Claude Juncker, the president of the european Commission, contributed to that the week started positively.
in the Coming week is according to the strategist focus on cease-fire in handelskrigen, macro and oil.
“As both a duete Jay Powell, and de-eskalerin of handelskrigen remove the two uncertainties in the short term, is there in any case to facilitate further development in the stock markets this week”, she writes.
in Asia
the Week starts not surprisingly with the strong recovery in Asia, and especially in China.
“Though the mood stays beyond a week, will depend on both the data, political development, and the OPEC meeting on Thursday”, called it from the Wilter Slørstad.
oil prices have plummeted since October, which has created expectations that OPEC will intervene with produksjonskutt, and the big question is, according to the seniorstrategen if OPEC fails to reach agreement on this, on Thursday and Friday.
“This will have consequences for Norwegian shares, which have hung after global markets ended november with a negative return of minus 2.7 per cent, while all other major regions ended firmly in the plus”, ” Wilter Slørstad.
Even more important
the Fed came not only with betsco.net statements about nøytralrenten last week, it seemed also, according to the strategist at Nordea Wealth Management that they are going to put more weight on economic data going forward, with the intention of further rentehevinger.
“Thus, the already important number of macroeconomic figures perhaps even more importantly, and from the US we get both important leading indicators, ISM indices, and not the least arbeidsmarkedsrapporten on Friday”.
The final reading of the leading indicator, PMI, for the manufacturing industry also come for both the eurozone, China and Japan on Monday.
“in other words, a lot of economic data to follow”, concludes the strategist in the update.
Other financial news:
Nine “buy” from DNB Markets
stage set for rally in oil-related shares
