May 21, 2022

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The roller coaster of the Oslo Stock Exchange - the main index closed flat

The roller coaster of the Oslo Stock Exchange – the main index closed flat

The main index on the Oslo Stock Exchange rose 0.12 percent on Tuesday.

Equinor became the most traded stock on the stock exchange, rising 1.0 percent. Norsk Hydro shares rose 2.2 percent with the opening of the Oslo Stock Exchange for trading. The biggest loser is former Ice Group, Appointed, which has fallen to nearly 25 percent.

The Board of Directors of Einmet decided to propose liquidation of the company. The cash remaining after some additional transactions, liquidation and operation will be distributed to the shareholders and the Board of Directors expects the process to be completed during this year. appeared from a message on Monday.

oil jump

The price of oil rose nearly five percent on Tuesday afternoon. A barrel of North Sea oil is trading at $104.2 a barrel.

OPEC told the European Union on Monday that current and future sanctions against Russia could create one of the worst oil supply shocks ever, and that it would be impossible to replace the volumes. According to Reuters, which saw a copy of the speech of the Secretary-General of the Organization of the Petroleum Exporting Countries, Muhammad Barkindo, at the meeting with representatives of the European Union on Monday.

The case of the United States

Inflation in the United States was 8.5 percent year-on-year in March, according to figures released before the Wall Street stock market opened. Inflation was previously expected to rise by 8.4 percent, based on estimates compiled by Dow Jones, compiled by CNBC.

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Core inflation, the inflation rate for food and energy, was 6.5 percent year on year in March. It was previously expected to be 6.6 percent.

Inflation remains at its highest level in more than 40 years, but Wall Street reacted positively to the numbers on Tuesday. At 16.20 Norwegian time, this looks for the leading indicators:

  • The S&P 500 rose 0.9 percent
  • The Dow Jones Industrial Average rose 0.65 percent
  • And the technology-dominated Nasdaq composite rose 1.55 percent.

asia autumn

The Nikkei index on the Tokyo Stock Exchange was down 1.5 percent during morning trading on Tuesday. After a slight rally with the start of trading on the stock exchanges in Shanghai and Hong Kong, there is also a decline that can be traced there.

The Chinese prime minister issued his third growth warning in less than a week. Li Keqiang issued the warning during Monday’s seminar, but the minutes and statements were not known until Tuesday in China.

He said local authorities should be aware that it is necessary to take measures when registering coronary heart disease. This is being interpreted as a sign that more cities will do like Shanghai and will shut down completely for any outbreak.

Nearly 400 million people in 45 Chinese cities are either completely or partially closed. These cities make up 40 percent of China’s gross domestic product, financial institution Nomura writes in a new report.

“Global markets are underestimating this as much attention continues to be focused on the conflict between Russia and Ukraine, and interest rate hikes by the US Federal Reserve,” wrote Nomura’s team, led by chief economist Lu Ting.(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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