European stock markets are expected to decline on Tuesday, as markets continue to focus on news from the World Economic Forum in Davos, reports said. CNBC.
Nordnet's Roger Berntsen believes Oslo Borse will open flat or within range [-0,4, 0,4] percent.
The analyst notes that Asian investors sent stock markets in the region lower on Tuesday, partly due to a lack of impulses from the United States and partly due to general uncertainty.
“Unlike last year, the stock market year 2024 has started weakly. The Hang Seng Index, which has struggled against the odds for several years, is at the bottom of the charts this year as well,” he added.
Almost all major stock markets in Asia witnessed a decline on Tuesday. In Japan, the Nikkei index fell by 0.56 percent, while the broader Topix index fell by 0.61 percent.
China's Shanghai Composite Index fell 0.69 percent, Hong Kong's Hang Seng Index fell 1.95 percent, and South Korea's Kospi fell 0.92 percent.
In India, the Nifty index rose by 0.02%, the S&P/ASX 200 index in Australia decreased by 1.09%, while the Straits Times Index in Singapore decreased by 0.31%.
Read the full Asia update here.
The February contract for Brent oil on Tuesday morning fell 0.08 percent to $78.09 a barrel, while West Texas Intermediate crude fell 0.11 percent to $72.37 a barrel.
In comparison, a barrel of North Sea oil was trading at $77.61 per barrel at the close of the Oslo Stock Exchange on Monday.
US markets were closed on Monday as a result of Martin Luther King Memorial Day. according to CNBC However, futures indicate that the three major indices are likely to decline when trading resumes today.
Oslo Stock Exchange
The Oslo Borse Index opened flat on Monday morning, but fell during the day. When the stock market closed, the main index reached 1,286.13 points, down 0.97 percent.
AutoStore was one of the few bright spots on Monday. The stock rose 5.7 percent thanks to relatively high trading volume. In the past three months, the stock has risen nearly 90 percent after going through a cold period on the stock market over the past two years.
Shares in celebrity-populated company Nicode, whose shareholders include Jan Hodemann Andersen, the Rasmussen family of Kristiansand and Runard Vatne, rose 4.7 percent. Carnegie has now upgraded the stock to Buy while simultaneously raising its price target.
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