Oslo stock exchange in green: overseas stocks rise after a major contract

Oslo stock exchange in green: overseas stocks rise after a major contract

The issue is updated throughout the stock day.

Major European stock markets got a boost after preliminary figures showed another drop in inflation in the eurozone in June. The French CAC 40 rose 1.1 percent and the German DAX index rose 1.2 percent. Investors are now eyeing the Fed’s preferred inflation target, which will be presented at 2.30pm NST.

The main index on the Oslo Stock Exchange rose 0.5 percent to 1216.06 points at 15:00.

Undersea Rally 7

under the sea 7 It rose more than 7 percent after the main contract for Seaway 7. The company says the contract will be between $500 and $750 million.

Oil and forgery

Brent Oil rose cautiously on Friday, but is still on track for another negative quarter – the fourth in a row.

The price of Brent Oil is now $74.75 per barrel. barrels, up 0.6 percent. Despite this, the Brent oil forward contract is heading for its fourth consecutive negative quarter, its worst consecutive streak since 1988.

According to the Oil Tax Office’s calculations, the petroleum tax for 2023 is estimated to be around NOK 433 billion, half of that of 2022.

Equinor, Aker BP And our energy He can see the green numbers. Aker BP shares rose 2.2 percent to 253.90 Norwegian crowns. Vår Energi prices rose more than 4 percent after Morgan Stanley raised its price target from 35 kroner to 36.20 NOK. Equinor rose 0.7 percent.

Many rig stocks were positive yesterday, and seadrill And digging pits Both are up about 3 percent so far on Friday. director of investor relations Ingolf Gillsdal said Thursday Ocean 24 about the huge demand for rigs on an international basis, and highlighted the government’s approval of 19 new oil and gas projects as a driver of the Norwegian rig market.

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technical moves

At the top of the list of winners we find Elliptical Labswhich rebounded more than 10 percent after positive remarks by Carnegie analyst Oliver Pisani.

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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