The main index on the Oslo Stock Exchange has fallen more than one percent since the start of Thursday. The index opened down 1.35 percent. After three hours of trading, the index was down 1.7 percent.
Around 2.30 pm, the main index recovered somewhat and fell by 0.82 percent.
There is a broad drop in the European stock market on Thursday. Inflation fear grips the stock market, with growing concern that US inflation has not peaked, He writes the economics of trade.
Germany’s DAX fell more than 2% and fell 2.23 percent. The pan-European collective index Stoxx 600 fell 2.40 percent and fell to its lowest level in nine weeks.
In the UK, the FTSE 100 is down 1.82% and the Paris Stock Exchange is down 2.17%.
The oil price is trading at $105.07 a barrel, down 1.27 percent from Wednesday’s levels.
Norwegian The robot company Autostore presents on Thursday Its third quarterly report since it appeared on the stock market in October. In the first quarter, Autostore generated $123 million in revenue. Profit before tax ended at $28.2 million. The stock fell 3.60 percent at the opening of the stock market, but after one hour of trading it fell 10.63 percent.
Gustav Witzøe . Fish Farming Company Salmar doubled the score after salmon prices broke a record. The earnings report presented on Thursday showed that operating profit ended at NOK 1.26 billion in the first quarter. Salmar shares fell 7.23 percent on the stock exchange.
Wall Street is located
All three of Wall Street’s leading indices opened lower on Wednesday, before turning around shortly thereafter. The result, however, was a broad decline in the main indicators.
Developments on Wall Street This came after fiery inflation numbers appeared before the start of trading. The report showed that inflation slowed less than expected, but remains at record levels.
Inflation in April was 8.3 percent and remains at a record high, but is slightly lower than the 8.5 percent price increase observed in March. The last time it was at that level was in the early ’80s.
Inflation figures led to a massive drop in the cryptocurrency market. Bitcoin dropped to $2,5401.05, its lowest since December 28, 2020, and is down more than 45 percent so far this year.
From a peak of $69,000 in November 2021, the cryptocurrency has lost nearly two-thirds of its value.
Asian stock markets are down
It’s another day of decline for the major indices on the Asian stock exchanges. The Nikkei index started down 2 percent when trading opened Thursday morning. The decline slowed somewhat after the trading day.
Goldman Sachs wrote in a new analysis, according to Bloomberg, that a number of central banks in emerging economies are preparing to tighten and raise interest rates. The main reason is inflation.
Hong Kong’s central bank bought its own currency on Thursday to prevent it from weakening. This is the first time in 18 months, according to CNBC. The Hong Kong dollar is directly linked to the US dollar.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.
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