June 28, 2022

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This will affect the Oslo Stock Exchange on Monday

This will affect the Oslo Stock Exchange on Tuesday

Among the pre-trading on the IG trading platform, the Oslo Stock Exchange was up 0.49 percent just before Tuesday 07.00.

Roger Berntsen of Nordent believes that the Oslo Stock Exchange will open 0.8 percent, or within a period of time [0,6, 1,0] percent, despite renewed recession fears.

Berntsen notes that stocks on Asian exchanges pointed to a rally again on Tuesday, after Monday’s dip.

“It is natural to assume that the positive mood in Asia will stimulate investors here in Europe today, including here at home. By the way, there were no sub-sectors that distinguished themselves in overnight trading. Mao. The rally was broad.”

It also indicates that the price of oil overnight has recovered from parts of last week’s decline, but weak macro conditions (rising inflation and higher interest rates) are expected to weaken underlying demand for raw materials, including oil and gas, in the future.

“The greatest uncertainty in the oil market, however, relates to the war in Ukraine and Russia’s role in the global energy market. As long as the war continues, this uncertainty will persist,” Berntsen wrote.

Asia

In Japan, the Nikkei rose 2.15 percent, while the broader Topix rose 2.15 percent.

China’s Shanghai Composite rose 0.18 percent, Hong Kong’s Hang Seng rose 1.43 percent, and South Korea’s Kospi climbed 0.99 percent.

In India, the Sensex Index is up 1.04 percent, the S&P/ASX 200 in Australia is up 1.47 percent, and the Straits Times Index in Singapore is up 0.69 percent.

Read the full update for Asia here.

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oil prices

Brent crude rose 1.03 percent to $115.30 a barrel on Tuesday morning, while West Texas Intermediate crude rose 1.30 percent to $110.22 a barrel.

By comparison, a barrel of North Sea oil was trading at $112.43 a barrel at the close of trading in Oslo on Monday.

Wall Street

US markets were closed on Monday as a result of the celebration of Greek 10, a federal holiday in the United States commemorating the emancipation of African-American slaves. But futures trading (option to buy a security at a predetermined price in the future, newspaper. Note) increased.