January 27, 2023

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Shares rose more than 40 percent after the million-dollar deal

Optimistic before trading in Oslo Poor’s

Among pre-trading on trading platform IG, Oslo Poor’s rose 1.1 percent on Tuesday at 8.20 am.

Nordnet analyst Roger Berntsen is also optimistic and believes Oslo Børs will open 0.9 percent, or within range. [0,7, 1,1] percent.

– It was a good start to the US stock market week on Monday, so there is hope for help from there today. Investors around the world are now awaiting new US inflation numbers, which we hope will come in below expectations. Should the numbers surprise on the downside, this will reduce pressure on interest rates, which have risen sharply this year, Berntsen believes.

The interest rate decision comes from the US central bank on Wednesday.

Asia

In Hong Kong, they are now ending many Corona restrictions for expats. Among other things, you no longer need to use the “LeaveHomeSafe” corona tracking app, but you will still have to show proof of vaccination in some places.

Report: Travel-related stocks are on the rise CNBC. Many Chinese airlines are up between 2 and 3 per cent.

In Japan, the Nikkei index rose 0.4 percent, while the broader Topix index rose 0.6 percent.

In China, the Shanghai Composite Index fell 0.2 percent, the Hang Seng Index in Hong Kong rose 0.4 percent, and the Kospi Index in South Korea fell 0.3 percent.

In India, the Sensex was up 0.3%, the S&P/ASX 200 in Australia was up 0.3%, and the Straits Times Index in Singapore was up 1%.

– Asian stock markets rose on Tuesday, buoyed by the positive momentum on Wall Street Monday night. Nordent Berntsen comments and adds:

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– Apart from stocks related to materials and technology, all sub-indices in the region rose. In other words, the rise in Asia was relatively broad.

Read Asia’s full explanation here.

oil price

On Tuesday morning, Brent crude rose 1.5 percent to $79.13 a barrel, while West Texas Intermediate crude rose 1.5 percent to $74.25 a barrel.

In comparison, a barrel of North Sea oil was trading at $77.95 a barrel by the end of the Oslo Stock Exchange on Monday.

Wall Street

Wall Street’s major indices rose on the first day of an important week for the market, with important inflation data and the last central bank interest rate meeting of the year.

The US inflation rate is expected to decline to 7.3 percent in November, from 7.7 percent in October. Core inflation is expected at 6.1 percent, down from 6.3 percent.