Oslo Stock Exchange crashes to new low / News / The Foreigner

Oslo Stock Exchange crashes to new low. Oslo Stock Exchange had its worst day for two years today, ending at 344.39 after Standard and Poor’s US downgrade. Monday’s result now means it has fallen 18.37 percent in the last seven trading days. Jørn Lyshoel, share strategist at Nordea Markets, told Dagens Næringsliv that the downgrade was somehow expected. He also said that the companies are now priced at levels not seen since the 2008’s rock bottom levels.

oslostockexchange, standardandpoorusdowngrade, aldousmajorsouth, statoil



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Oslo Stock Exchange crashes to new low

Published on Monday, 8th August, 2011 at 21:31 under the news category, by Alexandra Spinu.

Oslo Stock Exchange had its worst day for two years today, ending at 344.39 after Standard and Poor’s US downgrade.

Oslo Stock-exchange
Oslo Stock-exchange
Photo: Torbjornd/Istockphotos


Monday’s result now means it has fallen 18.37 percent in the last seven trading days.

Jørn Lyshoel, share strategist at Nordea Markets, told Dagens Næringsliv that the downgrade was somehow expected. He also said that the companies are now priced at levels not seen since the 2008’s rock bottom levels.

Not fearing a new US recession, though, he said, ”I’ve been bearish the whole year and said the Stock Exchange would fall to 380.”

The Oslo Stock Exchange reduced its decline after Statoil announced a discovery of 200-400 barrels of oil at the Aldous Major South.

Nevertheless, Norway is still in Standard and Poor’s (S&P) triple-A countries along with Australia, Canada, Finland, Sweden, and the UK.

According to S&P, Norway’s GPD per capita is 52,012.506 dollars with the world’s second largest sovereign wealth fund valued at more than 500 billion dollars.



Published on Monday, 8th August, 2011 at 21:31 under the news category, by Alexandra Spinu.

This post has the following tags: oslostockexchange, standardandpoorusdowngrade, aldousmajorsouth, statoil.





  
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