This will affect Oslo Borse on Monday

This will affect Oslo Borse on Monday

Nordnet's Roger Berntsen believes Oslo Borse will open 0.2 percent or within the range [-0,2, 0,6] percent.

The analyst indicates in his morning report that the fourth-quarter results season began on Friday, with major financial institutions JP Morgan, Wells Fargo, Bank of America, and Citigroup in first place. But investors were not impressed.

“Citigroup was the only stock to close in the red, thanks to reports of significant job cuts. It remains to be seen whether investor expectations for Q4 results are too high or not.

Asia

China's central bank surprised markets today by keeping the one-year interest rate on Multilateral Fund loans (medium-term loan facilities) unchanged at 2.50 percent.

Meanwhile, banks received liquidity worth 995 billion yuan, far exceeding the expected 121 billion yuan.

The Shanghai Composite Index thus reversed the morning stock market decline, and is now up 0.31%. The Hang Seng Index in Hong Kong fell by 0.28%.

In Japan, the Nikkei index rose 0.91 percent, while the broader Topix index rose 1.13 percent. On the other hand, South Korea's KOSPI fell by 0.27%.

Read the full Asia update here.

Oil price

The February contract for Brent crude rose 0.13 percent to $78.39 a barrel on Monday morning, while West Texas Intermediate crude rose 0.11 percent to $72.76 a barrel.

In comparison, a barrel of North Sea oil was trading at $79.56 per barrel at the end of the Oslo Stock Exchange on Friday.

Wall Street

The final trading day of the week on Wall Street ended on a mixed note. Industrial heavyweight Dow Jones fell 0.31 percent to 37,593.50 points. The Standard & Poor's 500 index closed up 0.08 percent to 4,783.85 points, and the Nasdaq technology index rose 0.02 percent to 14,972.76 points.

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After a disappointing forecast for 2024, Delta Air Lines stock fell sharply, closing down 8.99 percent.

Shares of several US airlines fell after Delta's quarterly report: United Airlines ended down 10.63 percent, American Airlines fell 9.46 percent, and Southwest Airlines fell 4.27 percent.

Read the full US update here.

Oslo Stock Exchange

Oslo Börse's main index ended the final trading day of the week up 0.7 percent to 1,298.75.

The Frederiksen-dominated frontline recovered after yesterday's decline and rose 7.3 percent to NOK 232.85. Shipping stocks rose across the board after the United States and the United Kingdom carried out massive airstrikes Friday night against Houthi rebels in Yemen in response to attacks on ships in the Red Sea.

Shares of Havnia rose 4.2 percent to NOK 71.15, Avance Gas rose 1.8 percent to NOK 139.40, BW LPG rose 1.5 percent to NOK 146, and Golden Ocean rose 1.4 percent to NOK 102.60. MPC Container Ships shares rose 2.9% to NOK 14.62.

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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