Among the pre-trading on the IG trading platform, the Oslo Stock Exchange fell 1.16 percent just after kl. 07.00 Monday.
Roger Berntsen of Nordnet believes that the Oslo Stock Exchange will open at 1.3 percent, or within a period of time [-1,7, -1,0] percent.
In Japan, the Nikkei was down 2.87 percent, while the broader Topix was down 2.12 percent.
China’s Shanghai Composite is down 1.11%, Hong Kong’s Hang Seng is down 2.81%, and South Korea’s Kospi is down 3.23%.
In India, the Sensex was down 2.84 percent and the Straits Times in Singapore was down 0.62 percent. The Australian Stock Exchange was closed on Monday.
Brent crude fell 1.59 percent to $120.07 a barrel on Monday morning, while West Texas Intermediate crude fell 1.54 percent to $118.81 a barrel.
In contrast, a barrel of North Sea oil was traded at $123.57 a barrel at the close of trading in Oslo on Thursday.
Worse than expected for consumer confidence and a gauge of inflation, Wall Street fell sharply on Friday.
The S&P 500 fell 2.84 percent to 3903, while the Dow Jones finished 2.52 percent lower to 31,459. The Nasdaq was the loser today – down 3.49 percent to 11344.
The measure of inflation, which was higher than expected, could lead to further rate hikes. The two-year US government bond (often called a two-year), seen as one of the most sensitive to rising interest rates, jumped more than 3 percent on Friday — on its way to its highest level since 2008.
Read the full US update here.
Oslo Stock Exchange
The main index on the Oslo Stock Exchange fell 2.3 percent to 1232.67 on Friday. For the week, there was a 2.7 percent drop.
Only 3 of the 30 most traded stocks rose; REC Silicon, Havila Shipping and SAS.
SAS became the winner on the Oslo Stock Exchange on Friday, after Danish authorities announced it would forgive debts and increase its ownership stakes in the airline. The stock rose 19.7 percent to 0.72 Norwegian crowns.
Read the full stock exchange update here.
This is happening today:
Norway: GDP April, at 08.00
United Kingdom: GDP, April, hour. 08.00
United Kingdom: Industrial Production April, at 08.00
USA: Household Inflation Forecast, at 17.00
Mowi: Ordinary general meeting, at 11.00
Havyard Group: Extraordinary General Assembly, 14.00
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