This will affect Oslo Borse on Friday

This will affect Oslo Borse on Friday

Nordnet analyst Roger Berntsen believes Oslo Borse will open 0.4% lower on Friday morning, or within range. [-0,8, 0] percent.

Stock market crash in Asia

Stock markets in the Asia-Pacific region fell on Friday.

In Tokyo, the Nikkei index fell more than 1 percent to 38,669.13, while the broader Topix index fell 0.4 percent to 2,745.17 after macroeconomic figures showed that inflationary pressures were easing.

In China, the CSI 300 large-cap index fell 0.4 percent, while the Hang Seng Index in Hong Kong fell 1.3 percent. In South Korea, the KOSPI index fell by about one percent.

Technology heavyweight Samsung Electronics fell 2-3 percent after… Reuters report The company's latest HBM (High Bandwidth Memory) chips are not yet ready for use by semiconductor giant Nvidia due to heat and power consumption issues.

Asian commentary here.

Flat oil price

The July contract for Brent crude has remained practically unchanged since midnight on Friday and stands at $81.35 per barrel. per barrel, down from $82.42 per barrel when Oslo Børs closed on Thursday.

West Texas Intermediate crude was also marginally changed and stands at $76.85 per barrel. barrel.

Oil prices fell to multi-month lows on Thursday, after minutes from the Federal Reserve's latest interest rate meeting pointed to concerns about inflation, thus raising expectations that interest rates could stay high for longer.

Red Wall Street

The US stock market fell on Thursday, although Nvidia stock rose more than 9 percent after key numbers presented after the close on Wednesday were not enough to lift the broader market.

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All so-called FAANG stocks fell, with Apple falling the most, more than 2 percent.

The Standard & Poor's 500 index fell 0.7 percent to 5,267.90 points, the Nasdaq index fell 0.4 percent to 16,736.03 points, and the heavyweight Dow Jones Industrial Average fell 1.5 percent to 39,065.39 points.

Senior portfolio manager Robert Pavlik at Dakota Wealth Management claims otherwise Market monitoring The issue is about protecting profits.

USA comment here.

New record in Oslo

Oslo Börse's main index rose 0.47 percent to 1,424.98 on Thursday, the highest closing price on record. At its highest levels, the index reached 1,428.62, a new intraday record.

Equinor rose 2.1 percent, Aker BP rose 1.3 percent, and Far Energy rose 2.3 percent.

Telenor shares fell 2.4 percent after news that Benedikt Schilbreid Wasmer would take over as CEO, succeeding Sigve Bryke, later this year. The appointment received a mixed reception among analysts.

Shares in Tor Olav Trøim's Borr Drilling company rose more than 12 percent after a sharp jump in profits in the first quarter, while profits doubled at the same time.

Cadler shares rose 5.6 percent after what Carnegie analyst Simen Lippestad described as the “monster of the decade.”

Stock market commentary here.

Dalila Awolowo

Dalila Awolowo

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