This will affect Oslo Borse on Thursday

This will affect Oslo Borse on Thursday

Asia falls after correction on Wall Street and oil prices fall. It’s heading towards the red opening in Oslo today.

“Profit hedging is a common phenomenon in financial markets, especially after periods of significant rally, as many investors feel that this is the right time to realize some of their gains. However, this can also affect the market, as a large number of sales can Leading to a general decline in stock prices,” Nordnet’s Roger Berntsen wrote in his morning report.

Berntsen believes Oslo Borse will open lower by 0.6 percent, or within the range [-1, -0,2] percent.


It is located in Japan Nikki 1.6 percent, while the widest TopixThe index weakens by 1 percent.

In China it goes Shanghai Composite An increase of 0.5 percent Hang Seng In Hong Kong, it rose by 0.1 percent Cosby In South Korea, it weakens by 0.8 percent.

Located in India Sensex 0.1 percent, Standard & Poor’s/ASX 200– The index in Australia fell by 0.5 percent Straight Times In Singapore, it rose 0.1 percent.

The focus among investors is on the GDP numbers from the US, which will be released later today.

Oil price

Brent crude fell 0.2 percent to $79.54 a barrel on Thursday morning, while West Texas Intermediate crude fell 0.4 percent to $73.94 a barrel. In comparison, a barrel of North Sea oil was trading at $80.29 per barrel at the end of the Oslo Stock Exchange on Wednesday.

Wall Street

The US stock market has been rising recently, but on Wednesday it was a drag on the leading indices. Markets have been overbought and overbought, and pullbacks like this are normal, says Keith Buchanan, a senior portfolio manager at Globalt Investments.

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All three major indexes fell on Wednesday. This is how it went:

  • Standard & Poor’s 500 It fell 1.47 percent to 4,698.39 points
  • Technology index Nasdaq It fell 1.5 percent to 14,777.94 points
  • Dow Jones It fell 1.26 percent to 37,082.89 points

The volatility index – the VIX – rose 9.9 percent to 13.77, while ten-year US government bonds reached 3.857 percent.

Read the full US update here.

Oslo Stock Exchange

On Wednesday, the main index on the Oslo Stock Exchange fell 0.2 percent before closing at 1,297.01 points.

reported Tuesday Norwegian titanium The company is qualified for initial production for Airbus using rapid plasma deposition technology. The news sent the stock up nearly 28 percent, and in Wednesday trading the stock was up another 160 percent to NOK 3.25.

On November 10, the consultation went Norconsult On the stock exchange at 19 NOK, on ​​Wednesday a series of analyzes were published after regulators were given a 40-day cooling-off period. It is not unexpected that all brokerages will give Norconsult a buy recommendation. The stock rose 1.4 percent to 22.50 Norwegian kroner.

“We recommend taking advantage of the weak development of stock prices in Zaptek And buy the stock before the Q4 report and into 2024,” analyst Peter Nystrom wrote in an update from ABG Sundal Collier. He says demand in Q4 will surprise favorably, as well as strong margins. The stock rose 10.7 percent to NOK 19.62.

Dalila Awolowo

Dalila Awolowo

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