October 12, 2018 The Oslo Stock Exchange was battered this week like other stock markets around the world, following Wednesday’s dives in the US and Asia. One major Norwegian investor advised again doing any “bottom fishing” just yet. Oslo’s stock exchange (Oslo Børs) fell along with other stock markets around the world on Thursday. PHOTO: newsinenglish.no “Rising uncertainty tied to trade wars, rising interest rates and rising oil prices can accelerate the fall,” Jan Petter Sissener told state broadcaster NRK after the Oslo market fell on Thursday’s opening by 3.6 percent. After a rough morning, stocks recovered but the Oslo exchange still closed down 2.6 percent from the day before. It was the biggest daily decline in more than two years, with many of the so-called “locomotives” on the Oslo exchange ending well below Wednesday’s close. The oil sector that’s been recovering was not spared: State oil company … [Read more...] about Analysts mixed on stock market fall
Trading on stock market
Yew Grove raised €75m on its initial public offering (IPO). Shares traded up in the market debut, closing at €1.0721 each compared to the €1.03 placing price. The latest Irish REIT had agreed to acquire a seed portfolio of 10 properties, valued at approximately €25.9m. Yew Grove plans to provide shareholders with income from tenanted commercial real estate in "strategic centres" around Ireland, primarily office and industrial assets. The main Iseq index closed down slightly, at 7,128.77 Elsewhere, the FTSE 100 closed down 0.3pc for its third straight week of losses. Germany's DAX dropped 0.4pc and Italy's FTSE MIB sank 1.9pc. Britain's leading stock index fell yesterday, tracking a broad sell-off by European shares as investors faced the prospect of tightening financial conditions and growing political risk. Risk appetite has dried up this week as a new Italian government settled in and the European Central Bank indicated it might end ultra-loose monetary … [Read more...] about Yew Grove makes history as it trades on stock exchange
Music streaming service Spotify is today set to become the latest large technology firm to float on the stock market, but should you invest for the long term? Although companies such as Amazon and Google have made investors huge profits since opening up to public investment, not every technology firm that has floated has had such a smooth ride. Snapchat, the picture messaging service valued at $19bn (£14bn), floated last year, but it has struggled to deliver returns, with its share price sinking following its flotation. Currently its shares trade below the price they were initially offered at. Twitter has similarly struggled. Its share price has declined more than 40pc over the past three years. ... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium … [Read more...] about Spotify floats on the stock market: should you invest?
Credit traders haven’t been this apprehensive about junk bonds for more than a year.A measure of credit risk for U.S. high-yield bonds reached the highest levels since December 2016, as jittery investors cut risk amid a stock market plunge. The cost to protect a basket of junk bonds against default rose as much as 12.7 basis points to more than 373 basis points on Monday afternoon in New York, according to data provider CMA.The biggest exchange-traded fund that buys the debt reversed last week’s recovery to return to levels near November 2016 lows. So far this year, investors have pulled more than $6 billion from the two largest junk-bonds ETFs.A 3.1 percent drop in crude oil made debt tied to energy companies including Weatherford International Plc some of the biggest losers of the day. The cost of buying protection against default rose for all types of junk bonds besides utilities.The fresh pain comes after junk bonds suffered their worst first quarter since the financial … [Read more...] about Stock Market Pain Bleeds Into Junk Bonds
A "more severe" stock market correction is coming, according to the boss of Allianz. Oliver Bate, interviewed on Saturday at the China Development Forum in Beijing, predicted a rout on equity markets was overdue. He told CNBC that markets had been “really been buoyant for a long time now” and that “valuations are extremely high, higher than you can actually justify based on fundamentals”. Mr Bate couldn’t give a precise timing for the correction, but he - and the Munich- based financial services giant Allianz - are convinced one is coming and that market risk is "severely mispriced". As a result Allianz is being "very, very careful". This might be an overly pessimistic view, considering the global economy seems to be in a pretty good place and given the correction markets have already seen since the start of February. But the global stock market rally has been running for a long time. In fact it’s been running for nine years, fuelled in part by … [Read more...] about Is a second stock market correction coming?