OMXS30 index backed off slightly after Monday’s strong start, and was traded in together with the european stock exchanges. The dollar got a rebound down yesterday and dropped from last week’s strength. During the night, the asian stock markets developed mixed, where the Japanese Nikkei goes against the tide, and slopes slightly.
All in all, we expect the OMXS30 commences Wednesday’s trading slightly positive.
Today, the expected interest rate announcement from the central bank with the subsequent press conference, and inflationsstatistik from the united states.
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The stockholm stock exchange declined during Tuesday’s trading after the strong start to the week. The dollar made a rebound from that have been traded heavily during the last week after inflationsrädslan and thus the belief in higher interest rates. This contributed somewhat to the decline of the Swedish companies. The OMXS30 fell -0,55% to 1513,27 points, with turnover a low of 15.2 billion. The development on the european stock exchanges was around the same levels for the day. H&M yesterday around closing announced that they are abolishing their much talked about utdelningsförsök with newly issued shares rose 0.7 per cent. Peab reported a great earnings and rose 9% during yesterday’s trading and stands out among the construction sector where both NCC and Skanska had weak reports. The reporting period is soon over, where mostly smaller reports remains, with a few exceptions of course.
Today, reports from, among others, Kindred, Boliden, Swedish Match, Net insight, Medivir, Beijer Alma, with several.
So what are waiting for today? In short, very, long said:
Today will be waiting for a really interesting day, and probably the week’s most important makroagenda. It begins with an update on the Swedish housing market, where Valueguards boprisindex presented. Here prices are expected to turn up slightly in the wake of that January has a relatively strong säsongseffekt. Also mäklarrapporter have hintat of greater activity on the market after the autumn lull. The most important thing in the report is seasonally adjusted to the effect. Continues home prices to fall? There will be continued declines, this indicates that the slowdown is not over yet, but prices are rising so it may depend on the seasonality and fyndköpare what the coming months may determine whether the köpviljan has turned or not.
The riksbank provides in addition the interest rate announcement and its monetary policy report. The market does not believe at all on any change to the interest rate but the interesting thing will be the tour for räntehöjningspolitiken. Something that might get more clarity during pressträffen after the minimum bid rate. However, it’s not going to be Stefan Ingves, or deputy governor Kerstin af Jochnick, who keeps in pressträffen when they are paid on the basis of the disease. Per Jansson will take over the responsibility to meet the press ‘ questions and guide around the news. However, both participated in two yesterday by telephone at the monetary policy meeting where interest rate is determined.
The TNS Prospera comes with a inflationsförväntningsundersökning where money market participants have answered the questions.
Inflationsstatistik from the united states, however, takes the prize as the most important during the day, where fear is still present from the last statistics. However, learn not informed to deviate slightly more from the past, when statistics on wages and salaries in particular is a leader rather than laggande. But there will be surprises both ways, it can create movements on the stock markets and in the currencies with the view of the large inflationsfokus that the market has at the moment. For the december rose, core inflation surprising amount of 0.3% m/m and 1.8% y/y, which to the observers saw was due to non-recurring effects. It is now expected that core inflation will drop to 1.7% y/y, while for the month to rise 0.2 per cent.
Technically it continued to be pending after the falls, where the long-term sell signals are wired from the fall through 1573 points. This means that both the short-term and long-term trend is pointing downwards, but where a latent short-term köptryck can appear when the stock market is still oversold. Intensity is only at 1488 points, where also the new long-term sell signals are obtained. On the upside, we have the area around 1520 points that continue to be interesting. Further buy signals in the long run is obtained only at the forcing of 1580 points, which means that we have a continued cautious outlook on any uppstudsar for the OMXS30 index.
What hålltider and the company reports the next weeks you can read here.
Hålltider during the day
Haldex (at 7.20), Kindred (7.30), the Clover (7.30), Boliden (at 7.45), FM Mattsson (8.00), Hansa Medical (8.00), the Vostok New Ventures (8.00), Swedish Match (at 8.15), Empire (8.30), Pricer (8.30), Vitec (about 8.30), Formpipe (at 8.45), Net Insight (at 8.45), Beijer Alma (probably around 12), Medivir (12.00), Multiq (12.30 pm), Traction (13.00), NGS (before börsöppning)
Japan: GDP (prelim) 4 kv at 0.50
Mäklarstatistik: bopriser January at 6.00
Finland: GDP and indicator december at 8.00
Germany: GDP (prelim) q4 8.00
Germany: CPI (def) January 8: 00 am
Valueguard: bopriser January at 9.00 am
Netherlands: GDP (prelim) 4 kv at 9.30 am
SCB: capacity utilisation in industry was 4 kv at 9.30 am
Italy: GDP (prelim) q4: 10.00
Poland: GDP (prelim) q4: 10.00
Portugal: GDP (prelim) 4 kv at 10: 30 a.m.
EMU: industrial production december, 11.00,
EMU: GDP (prelim) q4 11.00
USA: CPI for January at 14.30
United states: retail sales for January at 14.30
United states: stock of unsold goods december at 16: 00
USA: oil stocks (DOE), weekly statistics at 16.30
Riksbank: interest rate announcement, monetary policy report at 9.30 am
Riksbank: press conference with the occasion of the interest rate announcement at 11: 00 a.m.
The TNS Prospera: inflation expectations – money market participants 8.00
RGK: conditions växelemission at 16.20
All börshändelser and estimates for the week can be found here!
The stockholm stock exchange was kept below zero in a pending trade throughout on Tuesday in order to finish the weak. After a slight recovery the previous two trading days, the exchange brought a break on Tuesday. The market are now awaiting the new inflationsstatistik Wednesday from the american press. The leading european exchanges showed a similar development, where the German DAX index fell the most by 0.7 per cent.
At the close of trading had the Stockholm stock exchange’s OMXS30 index decreased by 0.6 percent to level 1513. Sales amounted to 15.2 billion.
Among the OMXS30 companies, the development was mixed. SSAB rose by 1.0 per cent. The company had a tailwind after gains for stålbolagen in the united states on Monday. This after an updated federal budget, including plans to improve the infrastructure in the united states.
H&M was the most traded and rose by 0.7 per cent. The company announced late on Monday afternoon that the company will not proceed with the thoughts of a återinvesteringsplan, something that analysts described as a new issue. Wednesday keeps the company of a highly-awaited capital markets day.
Handelsbanken rose the most among the banks according to a height recommendation to neutral from previous sales by the swiss bank UBS. The stock was up by 1.1 per cent.
Sektorkollegan Nordea went to the opposite direction and fell by 1.1 per cent.
Down it was also for the mining company Boliden, which pulled even with 1.1 per cent to 273 crowns. UBS has lowered its recommendation to sell from the previous neutral with a price target of 245 kronor.
Today’s winner was somewhat surprising construction company Peab, which rose by over 9 per cent. After weak reports from competing builders like NCC and Skanska lit Peab with a really good report. At several points in beating the dreaded byggjätten colleagues on the fingers and with a better result and order intake than expected. The company also reduced its debt and increased the dividend to sek 4 contributed to the market celebrated this report.
In the final phase of the period under review can now be seen in a larger proportion of smaller companies. One of these was the pharmaceutical company Moberg Pharma that made the statements after a challenging 2017. Shares soared initially after that have shown an increase in profit. Pareto, however, was not equally positive in their views on the report. By pointed out the low quality. The share ended up still up by 5.3 per cent.
Among the losers were technology trading company Indutrade. The company’s report did not fell the market in the taste which chose to reduce the share of 7 percent. A lower underlying earnings than expected, the share on the case. According to the company’s president Bo Annvik, it emerged at a rapportpresentation that it was primarily due to the costs increased more than expected.
Outside the stockholm stock exchange was a Paradox in action. The First North-listed gaming company dropped 2.1 per cent on its report. In connection with this, it was announced that ceo Fredrik Wester choose to take the role of a board member and the Ebba Ljunggren, member of the board and commercial director at Kindred, is the new president.
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By: Andreas Leandersson for Tradingportalen/Agency Directly.
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