Morgonrapport: us jobs in focus.

Köpstyrkan tes never end, which means that storbolagsindexet OMXS30 closed for the 14th trading day in a row on the plus. The OMXS30 rose +0.12% to 1653.15. The turnover on the stockholm stock exchange amounted to 15.5 billion. The U.S. managed to nevertheless get a good sized köpstyrka ahead of Friday’s statistics on american employment. After overnight trading in Asia it is weakly positive strains, that is, at the same time, as China continues to keep closed, and the question is whether we will get a continuation of the rise or the profit taking on Friday…

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Today’s analysis

For the 14th trading day in a row closed the OMXS30 on the plus side, still only +0.12% to 1653.15.

It is interesting, however, is that despite the fact that we noted a small rise, and was trading within the positive territory, while both the köpstyrkan and sales accelerated.

This strengthens the belief that we will get a challenging of 1660 points. During the Thursday, we managed to only get a dagshögsta at 1656 points.

Leading futures pointing to a slightly positive movement initially, while the u.s. S&P 500 semester stays just below zero. This means that we see the possibility of an opening to something closer to zero.

We remain in the one picture where the OMXS30 index is significantly technically overbought, while we still want to see that we ”touchar” 1660 points, preferably with a smaller eruption that shakes out some of the stop loss which is expected to be placed above.

A small profit taking may arise even before such a scenario, and instead bring in a larger profit taking after such an outbreak.

Perhaps we can up and test the all time high around 1720, but for this to happen, we would, from a technical perspective, need to get some sort of sign of strength. It can be anything from a u-turn where we get a positive ‘ vapour, which could occur if future reports beats expectations by far.

But regardless of such a situation, we expect still a correction, and urskakning. In the short term, there is scope to rise, then the majority of the sole listed company looks interesting, despite the fact that, from a wider perspective, they are in a situation where a lot of is just overbought.

Friday’s big focus lands on american employment, which will clock 14:30. Expectations are for an increase of 75,000 people in september, according to Bloomberg News analytikerenkät. However, lifts the analyst until hurricane Harvey’s effects, and it thus is difficult with a reliable estimate.

We can possibly get a little less volatility until around Europe, to see a greater volatlitet just before, but certainly after. Especially if we get a clearly anomalous result. Wednesday’s ADP figure came in as expected, and thus was this ”preview” ahead of Friday’s statistics are not a clear guide.

Catalonia has not given any clear reality after that the region wishes to go its own way. Regarding north Korea said Donald Trump to the present time may be ”the calm before the storm” at a photo opportunity before a dinner in the White House, after the discussions on Iran and north Korea with military leaders.

”In north Korea is our goal avnuklearisering. We cannot allow the dictatorship to threaten our nation or our allies with unimaginable loss of human life. We will do what we must to prevent this from happening. And believe me, it will be made, if necessary, rely on me,” said Trump.

When it came to the question of the calm before the storm, said the president, ”you will know”.

Thus, it is a lot of potential triggers for the moment, that may come to shake the market.

Mainly the u.s. dollar has been a clear guide last time, and a strong figure from the US in the afternoon, would strengthen the dollar against their currency pairs, as a result of a rate hike in december is further strengthened in such a position.

Technically we are the eyes strained against the technical resistance level at 1657 and 1660 points, at the same time as the pending motions are expected, with the same mark of 1650 points.

If we step over 1650 points on Friday, well then it may be a small urskakning and profit taking, but that we do not see a decline that takes us below the 1640 points.

Technical key levels to watch during the day, hence the resistance at 1657 followed by 1660 points. Support await, especially during the 1650, but subsequently, at 1640, 1630, 1616 and 1600 points.

On bolagsfronten reports SAS trafiksiffror of september at 11:00. At 08:00, we may also industriordersiffror from Germany, and in the afternoon, the heavy statistics from the united states, with employment in september at 14:30.

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

Yesterday’s main börshändelser.
Assa Abloy on the case after the CEO is considering to leave in 2018.

Backed initially -5.0% in order to challenge the technical support at sek 177.

The company’s stock fell on Thursday morning after the company announces, ”by reason of rumors in the market” that the company’s ceo Johan Molin considering quitting as president and ceo in 2018.

In the press release from the company said, ”against this background, the board has begun work with the evaluation of possible successor to Johan Molin and has engaged external consultant”.

The market interprets it as a negative, clearly back on Thursday morning, and test at the same time, technical support at sek 177, step clearly below the 200-day moving average.

Handelsbanken believes that the company’s cfo, Carolina Dybeck Happen is a potential candidate to take over the CEO position.

Ericsson back over 46 dollars.

Johan Molin is mentioned as one of several candidates who could take over the chairmanship of the company.

Ericsson rose initially on Thursday with around +2.0%, after Johan Molin has been mentioned as one of several candidates to take over the chairmanship of the company.

Johan Molin is currently president of Assa Abloy, and on Thursday confirmed the company to Molin is considering to leave in 2018.

On Thursday, it was revealed according to Telecompaper, Ericsson says up to 600 employees in Italy, in addition to the previous 350 who have been given notice.

Ericsson dropped the previous mark when Credit Suisse lowered the company’s recommendation to underperform, from a previous neutral.

Riktkursen nedjusterades at the same time from 50 to 38 kronor, and by highlighting that it made a ”detailed analysis” of the company and the revenue and costs, which resulterats to the company’s forecasts needed to be greatly reduced.

Storytel turn north when paying subscribers, beating the company’s own forecast.

Backed initially -5.0% in order to challenge the technical support at sek 177.

The company’s stock fell on Thursday morning after the company announces, ”by reason of rumors in the market” that the company’s ceo Johan Molin considering quitting as president and ceo in 2018.

In the press release from the company said, ”against this background, the board has begun work with the evaluation of possible successor to Johan Molin and has engaged external consultant”.

The market interprets it as a negative, clearly back on Thursday morning, and test at the same time, technical support at sek 177, step clearly below the 200-day moving average.

Handelsbanken believes that the company’s cfo, Carolina Dybeck Happen is a potential candidate to take over the CEO position.

Hålltider during the day

Company reports

  • SAS: trafiksiffror for september at 11.00

Macro statistics

  • Germany: industrial orders August at 8.00
  • RGK: the outcome of the state payments september at 9.30 am
  • Canada: unemployment rate september at 14.30
  • United states: employment september at 14.30
  • United states: wholesale stock (def) August 16: 00 pm

Other

  • China: the stock markets in mainland china are closed

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

Latest börsnyheterna

The stockholm stock exchange managed to just barely stay on the plus Thursday. Thus, the stock exchange has been in a continuous rise for the last fourteen trading days. Assa Abloy came under pressure after låsbolagets ceo Johan Molin announced that he is considering to leave his post. Ericsson where it was speculated that Johan Molin may be on the way was traded to higher level courses.

At the time of closing was storbolagsindexet OMXS30 index up 0.1% to 1.653. Shares for sek 15.5 billion was traded on the stockholm stock exchange, with Assa Abloy as the most actively traded share. After 14 börsdagars the rise without a decline, the stock exchange has been looking up around 4.5 per cent.

Assa Abloy’s ceo Johan Molin is considering, according to the board of directors to leave the company in 2018, and the recruitment of a successor is initiated.

”You get older and I have worked hard for twelve years and then maybe it’s time to saddle up and find new challenges. Then we will see what it becomes. I have nothing at the time and I stand at the board’s disposal as long as it is needed. I have not said me up either and it means that the process can take a long time. I don’t feel a bit stressed,” says Johan Molin to the News agency Directly.

Låsaktien was reduced 5 per cent and the largest owner of Latour, whose portfolio Assa represents 38 per cent of, declined 0.5 per cent.

Ericsson took the lead in the OMXS30 index with a rise of 2.2 percent. Johan Molin has been mentioned as one of several candidates to take over the chairmanship of the telecom company.

The price of oil was clearly up on Thursday afternoons Lundin Petroleum was trading up nearly 2 percent.

Worse showed Fingerprint Cards, down 1.8 per cent.

Tele2 rose 1 percent, with the support of a buying advice from the DNB. SCA and Essity were up 1.7 and 1.5 percent. Hygienbolaget got a buy recommendation of the Business world.

Among today’s rapportbolag backed MQ less than 4 per cent. The company’s net income declined and the dividend was left unchanged. MQ-owned Joy was weighed down by the summer hamnkonflikt in Gothenburg, sweden.

Kambi fell 12 percent after säljråd from SEB, who believe that the market overestimates spelbolagsunderleverantörens ability to take advantage of the increase in revenue of the gaming companies.

Knowit rose nearly 4 percent after the Business community’s buy recommendation.

Evolution Gaming climbed over 2 percent to 526 dollars. Secondly, the company has signed a contract with the National Lottery in Bulgaria, and secondly, Nordea has raised riktkursen to 600 from 530 sek.

The wind power company Arises production of 33.0 million gigawatts in september, missed out roughly the expectations in the budget at 52,8 gigawatts. Kitty explains the company with the weaker winds than normal during the month. Shares fell 4.5 per cent.

Storytel advanced 4.5 percent after data on a surpassed abonnentprognos for the third quarter.

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Recent trends (~there is a 06:40)

The OMXS30
EURO STOXX 50
Frankfurt DAX
The London FTSE 100
THE S&P 500
The DJIA
The Nasdaq Comp.
The NIKKEI 225
HANG SENG
EUR/USD
EUR/SEK
USD/SEK
WTI Semester
Brent Semester
1653.15
3613.54
12968.05
7507.99
2552.07
22775.39
6585.36
20695.87
28480.51
1.17
9.53
8.14
50.71
56.93
0.12%
0.52%
-0.02%
0.54%
0.56%
0.50%
0.78%
0.33%
0.36%
-0.10%
-0.02%
0.08%
-0.16%
-0.12%

 

Stock and Technical Analysis each day at 10.00 am

By: Michael Andersson for Tradingportalen/Agency Directly.
Questions and comments always welcome in the newsroom[at]tradingportalen.com

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