Against the decline before the extraordinary day in the stock exchange

Against the decline before the extraordinary day in the stock exchange

Among pre-trading on trading platform IG, Oslo Børs was down 0.26 percent at 7 a.m. Wednesday. Note that the day is unusual – there is only half a trading day due to Easter.

Asia

It is located in Japan Nikki 1.6 percent, while wider topixWeakness of the index by 1.7 percent.

Japan’s composite purchasing managers’ index rose to 52.9 in March from 51.1 the previous month, according to data compiled by Jibbon Bank and Markit Economics. The services PMI was 55 in the period compared to 54 in the previous month.

Both are in China Shanghai boat And Hang Seng In Hong Kong closed.

Cosby In South Korea, by 0.4 percent.

In India it goes up Sensex 0.5 percent, S&P/ASX 200– The index fell in Australia by 0.1 percent, and The Straits Times In Singapore, by 0.5 percent.

New Zealand’s central bank raises the key interest rate by 50 basis points to 5.25 per cent. It was higher than expected according to Trading Economics. It is estimated that the interest rate will rise by 25 basis points to 5 per cent.

Read Asia’s full explanation here.

oil price

The price of a barrel of Brent oil is currently $85.32, while the price of West Texas Intermediate crude oil rose 0.4 percent to $81.03 a barrel. In comparison, the price of a barrel of North Sea oil reached $84.81 at the closing of the Oslo Stock Exchange yesterday.

Wall Street

American industry is struggling. The ISM Index, which was published yesterday afternoon, fell another 1.4 points to 46.3 in March. It was well in line with our estimates, but weaker than consensus expectations, and the lowest price since May 2020,” wrote Chief Economist Kjersti Haugland in an update from DNB Markets.

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It’s the fourth month in a row that the ISM Manufacturing has reported a drop in activity in the form of an index below 50, and it’s in particular a growing drop in order intake that’s weighing on businesses.

The number of US job vacancies (JOLTS) came in at 9.931 million in February, from 10.400 million previously expected, according to the Trading Economics consensus.

This is how it went with the leading indices on Wall Street:

  • Dow Jones It fell 0.59 percent to 33,403.04 points.
  • Standard & Poor’s 500 It fell 0.58 percent to 4,100.70 points.
  • Nasdaq It fell 0.52 percent to 12,126.33 points.

Read the full US commentary here.

Oslo Stock Exchange

The last full trading day of the week was not marked by the biggest movements. Oslo Poor’s opened up 0.4 percent, but closed down 0.59 percent to 1,201.41 points.

Equinor It fell 2.1 percent to 305.30 Norwegian crowns per share, while Aker BP It fell 1.7 percent to 269.40 Norwegian crowns.

Managers at a Danish technology company Asetek He was charged for more than NOK 350,000 in his private company, sending the stock up 39.6 percent to NOK 8.82. However, last year the decline exceeded 70 percent.

DNB Markets and Citigroup raised their target price to Adventawhich increased by 6.4 percent to NOK 78.85.

DNB Markets is positive about the share ahead of its Q1 reports, and results estimates are largely in line with the consensus as well as repeating previous guidance for 2023.

Havila Coastal Road It increased by 4.2 percent to NOK 9.86, despite the fact that the company announced, on Monday afternoon, another delay for the start of the passenger ship “Havila Polaris”.

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Read the full stock exchange commentary here.

fiscal calendar

Score for each fourth quarter:

Seadrill: at 15.00 webcast/telephone

Annual Report:

Ocean Team, Selvage Pollig

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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