Morgonrapport: Fall back from the strong resistance level…

The OMXS30 fell after the difficulties that rise above the resistance level around 1600. Even the u.s. stock markets declined after including the minister of foreign affairs Rex Tillerson received the kick of Trump. The asian stock markets have over the law during the night backed away slightly.
The dollar also received a blow after the Trumps political moves, during the morning, the dollar against the Swedish krona traded around unchanged.
All in all, we expect that the stockholm stock exchange opens today’s trading pending.

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Today’s analysis

The OMXS30 fell back after that once again had strikingly difficult to rush the levels around 1600. The area is a heavily motståndsområde have at recent times given similar reactions. Triggering factors for today’s race, except that the last 6 days has been positive and a rebound was related, was the news that the Trump kicks its foreign minister, Rex Tillerson, and replacing him with the CIA director Mike Pompeo. It was the global stock markets to fall back. The OMXS30 fell more than 1 percent in the afternoon towards closing and is now at the level of 1578. The turnover ended up at more than sek 15 billion.

Trumps the personnel turnover on his presence constitutes a risk factor in the market, not least because of the reactions to yesterday’s sudden announcement that Rex Tillerson kicked. He is replaced by Mike Pompeo, and the Trump thanked Tillerson for his work. Even rumors that the White house economic adviser Gary Cohn should be replaced adds to the uncertainty surrounding the Trumps nearest people.

But yesterday’s main marknadsbesked came from the inflation figures for the month of February in the united states. It showed that the CPI rose 0.2 percent from the month of January, where core inflation rose just as much. In one year, the development of the CPI remained at 2.2 per cent, while core CPI was at 1.8 per cent. The outcome yesterday corresponded to the market expectations on the dot, which did not create any greater uncertainty in the market.

Today, the Swedish housing market in focus when Valueguard presents house prices for the month of February. The fall meant an increased focus on housing prices at the same rate as prices fell. Now we will notice the prices have risen ahead of the new amorteringskravet introduced recently. At the same time set the range in focus, then some reports from the mäklarhåll have pointed to higher demand and activity from buyers. January, a positive surprise even for the seasonally-adjusted outcome. Has the potential impact of a requirements has already occurred and the outcome instead becomes negative? There is great uncertainty ahead of the news, especially since the impact face of an answer depends on many factors, where also, the range can increase to sell out before the news. The news in itself says a lot about the psychological sentiment in the housing market.

We get inflation figures from statistics SWEDEN for the month of February, where inflation recently surprised on the downside which complicates the assessment of the Riksbank’s planned interest rate hike in the autumn. It is now expected that the results in the Riksbank’s forecasts, namely an outcome for CPIF inflation of 1.7 percent. Excluding energy is expected to CPIF inflation to 1.5% y/y. Tomorrow Thursday will also inflation expectations from the TNS Prospera.

Motståndsområdet made itself felt on the OMXS30 index and the index fell back from an attempt to break up over 1600. The nearest support area is just below the 1570, and then further down towards the level of 1524. Furthermore, in 1488 giving strong sell signals. Sales have not been convinced of the gains which strengthens the view that the recovery is temporary, but the situation is somewhat uncertain and difficult to interpret. Säsongsmönstret is positive and the most intense utdelningsperioden waiting around the corner.

What hålltider and the company reports the next weeks you can read here.

Hålltider during the day

Macro statistics

  • Japan: machinery orders January at 0.50

  • China: industrial production, retail sales, investments February at 3.00

  • Mäklarstatistik: house prices February at 6.00

  • Finland: CPI February at 8.00

  • Germany: CPI (def) of February at 8.00

  • Valueguard: house prices February at 9.00 am

  • Statistics SWEDEN: CPI February at 9.30 am

  • EMU: industrial production January at 11: 00 a.m.

  • EMU: employment 4 kv 11.00

  • U.S.: PPI February at 13.30

  • U.S.: retail sales February at 13.30

  • United states: stock of unsold goods in January at 15.00

  • USA: oil stocks (DOE), weekly statistics at 15.30


  • BOJ: the minutes from the January meeting at 0.50

  • ECB: Mario Draghi will speak in Frankfurt at 9: 00 am

  • Iceland: interest rate announcement at 9.55

All börshändelser and estimates for the week can be found here!

Latest börsnyheterna

The stockholm stock exchange ended much lower on Tuesday after trading slightly higher earlier in the day, and then looked to be heading for the seventh straight trading day on the plus. The major european exchanges dropped by Frankfurt at minus 1.6 per cent in the bottom.

An american inflationssiffra in line with the expectation, that was plain to concerns raised on the stock market of the united states-the president, Donald Trump gave the foreign minister, Rex Tillerson foot and replaced him with CIA director Mike Pompeo.

According to observers was utrikesminsterbeskedet negative then it once again showed instability in the White house and its continued personalkarusell around the Trump administration. The dollar weakened and U.S. stock markets lost ground at the american börsstängning.

On börsgolvet in our part of the world was the best sector metallaktier, while the other sectors dropped.

Storbolagsindexet OMXS30 index finished down by 1.0 per cent to the level of 1.578. The turnover on the stockholm stock exchange amounted to just over sek 15 billion.

”The stockholm stock exchange today stands approximately at the same level as a year ago after a sideways development. Trendbilden is unclear in light of the obeslutsamheten and much focus is directed towards politics, which in the longer term does not affect the companies ‘ cash flows significantly. The most important guidance is interest rates and economic indicators”, said IG Markets market strategist Erik Hansén to the News agency Directly.

In the OMXS30 step SSAB the most with a rise of around 2 per cent. Competitor US Steel chose late on Tuesday to raise its profit forecast, after the new steel tariffs.

Furthermore, in the sector climbed Lundin Mining 1.5 per cent overall, rising metal prices.

Worst in storbolagsindexet developed the trio, SCA, SEB and Essity. These ended up down between 2.5% to 1.6%.

Intrum Justitia’s advanced 1.5 per cent after SEB abandoned his säljrekommendation for the council to ”keep”.

Hotellbolaget Pandox rose by 1.8 per cent. The company has got the height recommendation to overweight by Morgan Stanley.

Among the losers were the it consultant Tieto, which had lowered the recommendation by Nordea to sell from the keep. Shares fell by 4.6 per cent.

”We admit that Tieto has the potential to grow faster organically, but there are no signs as yet that it is about to happen, with only 1% organic growth in the fourth quarter and 3 percent in 2017”, justified the bank.

Outside of the big lost energy company Etrion 10 percent after the report. The company reported a net loss in the fourth quarter of 4.2 million dollars, against a profit of 21 million a year earlier.

On First North, backed klädbolaget Wesc with 15 per cent. The company is in the final stages of a reorganisation, intends to make a rights issue shall provide the company with 32 million.

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By: Andreas Leandersson for Tradingportalen/Agency Directly.
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