August 14, 2022

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Oslo Stock Exchange rose 0.54 percent in the first week of 2022 - Quester fell sharply

Oslo Stock Exchange rose 0.54 percent in the first week of 2022 – Quester fell sharply

The main index of the Oslo Stock Exchange rose 0.3 percent at the opening of the stock exchange on the last trading day of the week, and closed up 0.29 percent at a closing price of 1207.9 points.

And so, the first week of the stock market in 2022 ended with an increase of just over half a percent.

The two most heavily traded oil stocks today, oil companies Equinor and Aker BP, fell 1.1 and 0.25 percent, respectively. The loser today was energy company Questerre, which fell 26.8 percent.

The stock traded heavily at the start of the new year, up nearly 200 percent from the beginning of December last year To the top this week. Friday ended with a strong sell.

Evolution here at home came after marked Falls on Wall Street on Wednesday after the US Federal Reserve released the minutes of its December meeting. The report states, among other things, that the Fed became increasingly concerned about high inflation at the end of last year, At the same time as the announcement of higher interest rates and a faster cut of support purchases, the much discussed.

It has spread to Asian and European markets. The Oslo Stock Exchange did not survive either, despite the high oil prices: the main indicator closed down 1.37 percent yesterdayTo a closing price of 1204.4 points.

The result of the season is around the corner

Corporate results for the fourth quarter are expected in the coming weeks. This believes that Director Hans Thrane Nielsen at Storebrand will be important in the financial markets in the future.

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We are preparing for results season in the USA and then Norway the following week. We’ll look at how well companies follow up on good reports from 2q-3q-4q 2021 and, after pockets of cost inflation, write to DN.

Thrane Nielsen also highlights interest rate increases planned for the spring and into 2022.

– We finally get the benefit again. This is good for the financial markets. Money must be expensive, he writes and adds:

Zero permanent interest rates are not a sign of health for anything.

Hans Thrane Nielsen runs at Storebrand to talk about the financial crisis.

Hans Thrane Nielsen runs at Storebrand to talk about the financial crisis. (Photo: Michaela Berg)

Norges Bank aims for a key interest rate of 1.25 percent by the end of the year. Today, the interest rate is 0.5 percent.

The price of oil continues to rise

Oil prices rose after the enlarged Organization of the Petroleum Exporting Countries, called OPEC+, agreed to increase production levels next month.

The barrel price continues to rise, and today it is 0.6 percent higher than yesterday’s levels. One barrel of spot Brent North Sea oil, which is used as a benchmark for oil trading worldwide, is trading at $82.76 at the time of writing.

However, Thrane Nielsen highlights uncertainties in the oil market, which are worth pursuing in the future.

On the oil front, the unrest in Libya and Kazakhstan is significant if oil exports are affected. Indicates that there is little spare capacity on the supply side this summer. (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.