Friday, January 21

Oslo Børs falls after vaccine news: – There is a lot of uncertainty now

Oil prices and stock markets around the world are turning downwards after new vaccine statements from the Moderna boss.

Published:

The main index on the Oslo Stock Exchange is down 1.2 percent after just under half an hour of trading, after a morning of falling oil prices and a weakening krone exchange rate.

At the stock exchange opening, the price of a barrel of North Sea oil (burnt) is down three percent for the day to 71.26 dollars a barrel.

This contributes to weighing on the oil companies Equinor and Aker BP, which are down 1.83 and 2.24 per cent, respectively. At the same time, heavyweights such as DNB, Hydro, Mowi and Telenor are in negative terrain.

Also on the stock exchanges in Asia, it turned to decline on Tuesday morning, while the arrows point downwards in the US pre-trade.

The European stock exchanges are also falling from the start, with all the Nordic stock exchanges in negative terrain. At the same time, the Paris and London stock exchanges are down around one percent in early trading.

The vaccine is probably not as effective

The global decline comes after Moderna boss Stéphan Blancet said the vaccine would probably be less effective against the omicron variant than the previous variants.

– The efficiency is not at the same level as we had with delta, he says Financial Times.

He also said that it could take months before vaccines against the new variant will be in production.

also read

Vaccine chief warns of weaker effect against omicron

Think vaccine news pulls down

Senior strategist Joachim Bernhardsen in Nordea Markets says the markets will fall on Tuesday, mainly the statement from Moderna.

– They say the new coronavirus variant needs a new vaccine, and I think that is what pulls it down, Bernhardsen says to E24.

Bernhardsen points out that this means a longer period of measures, before a larger part of the population can be vaccinated.

– There is a lot of uncertainty now, and the markets do not like it. There is probably as much uncertainty behind it, says Bernhardsen and refers to today’s market decline.

Senior strategist at Nordea Joachim Bernhardsen.

Number release from SAS

During the morning, SAS published its figures for the third quarter, and the shares listed on the Oslo Stock Exchange are down 1.9 percent from the start.

The airline delivered a profit of minus 744 million Swedish kroner in the accounting fourth quarter, compared to minus 2.57 billion at the same time last year.

At the same time, revenues amounted to SEK 5.76 billion in the quarter, from NOK 3.04 billion at the same time in 2020.

The Swedish krona is about the same as the Norwegian krone right now, so the amounts are roughly the same in Norwegian kroner.

Reference-www.aftenposten.no

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