The chief strategist warns about Neste – Finnair in a tricky place

The crisis in the Middle East has raised the price of oil and shaken stocks, and it may have also offered buying opportunities, he estimates Bank of Åland rescuer Jyri Suonpää Directly from Kauppalehti In the Talousamau program on Monday.

“There were places, as you can see Liquid about course development. It has gone quite fast and even in that we have to remember that if this crisis somehow de-escalates or even a ceasefire can be established, energy shares will certainly correct downward”, Suonpää noted.

On the other hand, he finds good shares and good companies on the Helsinki stock exchange, which he says should be relatively immune to shocks like the Middle East crisis.

“For example, in the financial sector Nordea and Sampo. In fact, the banks benefit from it if interest rates rise.”

The rise in oil prices has been feared to accelerate inflation. Raising key interest rates is a way for central banks to try to curb inflation.

Carrier Finnair on the other hand, according to Suonpää, due to the crisis in the Middle East, it is in a difficult place. He stated that a third of Finnair’s costs come from fuel.

“The price of Brent oil has risen to 112-113 dollars per barrel. Aviation fuel has risen even more strongly and faster, and in fact there is already a shortage of it. So once again Finnair has to struggle with cost pressures and at the same time as they have announced that the fleet should be renewed as well.”

The day’s broadcast also discussed the lunch business and of electricity storages. You can watch Monday’s Economic Morning in its entirety below.