This will affect Oslo Borse today – Friday

This will affect Oslo Borse today – Friday

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

The price of oil fell by about $1.5 per barrel. Barrels since closing time at Oslo Borse on Thursday. This decline comes after a sudden increase in gasoline stocks in the United States. Meanwhile, the Federal Reserve Chairman questioned the interest rate cuts, according to Reuters.

North Sea crude (spot price) fell 0.2 percent to $81.69 per barrel. Barrel in the morning hours. US West Texas Intermediate crude fell 0.1 percent to $77.63 a barrel. In comparison, the price of Brent crude reached US$83.08 a barrel at the end of trading on Thursday.

Figures from US energy authorities showed on Thursday that US crude oil inventories fell by 4.2 million barrels in the weekly period through May 24.

However, gasoline inventories rose last week by 2.0 million barrels, versus an expected move of 0.4 million barrels.

Lori Logan, president of the Federal Reserve Bank of Dallas, remains concerned about inflation in the country and believes it is “too early to think about cutting interest rates.”

Asia

Leading Asian stock markets rose on a heavy Friday. Investors are particularly looking forward to inflation numbers from the US.

In mainland China, the large-cap index rose 0.2 percent, while the Shanghai Composite rose 0.3 percent. The Hang Seng Index in Hong Kong adds 0.9 percent.

In Japan, the Nikkei index rose 0.9 percent to 38,384.56 points, while the broader Topix index rose 1.4 percent to 2,765.51 points.

Elsewhere in the region, South Korea's KOSPI rose 0.4 percent, as did the Sydney Stock Exchange.

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Investors around the world are looking forward to Friday's macro data from the United States, where the so-called core personal consumption expenditures index, the Federal Reserve's preferred measure of inflation, will be released.

Wall Street

Wall Street ended broadly lower for all major indexes on the penultimate trading day of the week. The broad-based Standard & Poor's 500 Composite Index closed down 0.60 percent, while the Dow Jones Industrial Average fell 0.86 percent. The Nasdaq technology index fell just over 1 percent.

Sales force It fell more than 20 percent after the company's quarterly presentation on Wednesday evening. Although first-quarter revenue rose 11 percent to $9.13 billion from a year ago, this was the first time since 2006 that Salesforce missed analysts' expectations, according to CNBC.

Shoe giant Foot locker It went the other way, seeing the stock price jump about 15 percent on Thursday.

Oslo Stock Exchange

The main index closed on Thursday at 1,428.10 after a 0.3 percent rise.

Scatik The company's shares jumped more than 10 percent to NOK 86.50 after announcing that one of the company's closest competitors, Brookfield, would buy more than half the shares in renewable energy producer Neoen.

Otherwise it rose on the positive side liquefied petroleum gas Nearly 11 percent to NOK 210.40 in its quarterly report. The shipping company didn't quite reach its record fourth-quarter result last year, but it still made a lot of money. Another gas shipping company, Avance Gas, rose 2%.

Financial calendar

Score for each first quarter:

Enin Group: 08:00, webcast at 08.30

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Jinhui Shipping and Transport: 09:00, zoom 10.00

Aega, Hurtigruten Group, Integrated Wind Solutions, M Vest Energy, TWMA Finance, Plastic Waste Recycling

Score for each fourth quarter:

Refueling: 07:00, webcast at 10:00

Annual Report:

Akobo Minerals, Alternus Energy Group, AstroCast, Oilco Drilling, Black Sea Property, Codelab Capital, Knox Energy Solutions, Recreate, Softox Solutions, TECO 2030.

Power point:

Havila Kestroten: Q1, webcast at 10.00

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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