Among the pre-trading on the IG trading platform, the Oslo Stock Exchange was up 0.7 percent just before 08 Monday.
Roger Berntsen of Nordent believes that the Oslo Stock Exchange will open 0.7 percent, or within a period of time [0,5, 0,9] percent.
Covid relief now boosts sentiment in Asia. In Japan, the Nikkei rose 2.01 percent, while the broader Topix rose 1.75 percent.
China’s Shanghai Composite Index is up 0.31 percent, Hong Kong’s Hang Seng Index is up 1.87 percent, and South Korea’s Kospi is up 1.22 percent.
In India, the Sensex Index is up 1.52 percent, the S&P/ASX 200 Index in Australia is up 1.28 percent, and the Straits Times Index in Singapore is up 0.21 percent.
Read the full update for Asia here.
Brent crude rose 0.59 percent to $120.14 a barrel on Monday morning, while West Texas Intermediate crude rose 0.92 percent to $116.13 a barrel.
In contrast, a barrel of North Sea oil was traded at $118.10 a barrel at the close of trading in Oslo on Friday.
After rising in the past two days, major US indexes closed in positive territory for another day. The tech-heavy Nasdaq was the best, rising above 3.33 percent to 12,131.13 after strong quarterly numbers and a fall in interest rates on 10-year US government bonds.
Inflation figures were also presented on Friday, which showed that core personal consumption expenditures, the US Federal Reserve’s preferred target for core inflation, came in at 4.9 percent in April. This is in line with the consensus according to Trading Economics.
The S&P 500 rose 2.47 percent to 4,158.27, while the Dow Jones rose 1.77 percent to 3,3213.55.
Read the full US update here.
Oslo Stock Exchange
Only stopped due to a slight drop on Wednesday and public holidays on Thursday, it was a good week on the Oslo Stock Exchange. The main index rose 1.17 percent on Friday to 1276.54 points, giving an increase of 6.3 percent last week.
Shares of REC Silicon fell by 3.9 percent to 18.83 Norwegian crowns amid high trading volume. The company provided quarterly figures and announced the reopening of Lake Musa.
Has Norwegian tech favorite Nordic Semiconductor hit bottom, Finansavisen asked earlier this week. Inspired by the strong technology boom on Wall Street, the stock rose 9.5 percent to 178.00 kroner on Friday.
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