October 4, 2022

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Oslo Bors is still in the red

Oslo Bors is still in the red

The Oslo bors are down significantly from the start on Thursday, but the mood has improved somewhat throughout the day. The main index at the time of writing (12.25) stands at 1,157.22, down 0.52 percent.

Leading European stock markets also fell following the Fed’s third consecutive rise. In addition, the interest rate trajectory has been significantly raised. Germany’s DAX fell 0.6 percent and France’s CAC 40 fell 0.7 percent. Britain’s FTSE 100 is down 0.3% ahead of the Bank of England interest rate decision.

The consensus here is for an interest rate increase of 50 basis points to 2.25 percent.

Oil up again

Oil prices are back on the rise again on Thursday after a noticeable drop in the wake of the sudden construction of warehouses in the United States. At the same time, the dollar strengthened after the interest rate decision from the Federal Reserve.

Brent oil rose 0.35 percent to $90.14 a barrel. Barrels in trade today, but down from $91.25 per barrel at closing time on Wednesday. West Texas Intermediate crude rose 0.4 percent to $83.29 a barrel. barrel.

– While Putin’s escalation increases uncertainty over Russian energy flows, a hawkish Fed and bleak macro outlook continue to weigh on sentiment. But the long-term outlook remains supportive, says Warren Patterson, chief commodity strategist at ING Groep, according to Bloomberg.

Senior analyst Ole-Rikard Hammer at Arctic Securities pointed out to Finansavisen on Wednesday that there is not much in the oil market to suggest a recession, and he expects oil prices to rise.

MPC’s earnings

In Oslo Boroughs, Equinor rose 0.3 percent, while Aker BP fell 1.7 percent and Far Energy fell 1.2 percent.

Among the most heavily traded, we note that MPC container ships are down more than 10 percent (2.11 NOK), but most of this is due to the fact that today the stock is trading for example. Cash dividend of NOK 1.98 per stock.