Will the rally atmosphere extend to Oslo Bors?

Will the rally atmosphere extend to Oslo Bors?

The case is expanded.

There was a rally on Wall Street on Friday, and today there is a rally on stock exchanges in Asia. Will the mood spread to Oslo Bors too?

Not necessarily, says Nordnet analyst Roger Berntsen. Oslo Borse is expected to rise 0.1 percent, or within range [-0,3, 0,5] percent.

assembly in Asia

A very good atmosphere prevails in the stock markets in the Asia-Pacific region on the first trading day of the week.

“It is natural to assume that investors in the region were inspired by the strong development in the European and American stock exchanges on Friday. In other words, it is not reasonable that we will get any additional help from Asia today,” Berntsen wrote in his morning report.

In Japan it goes up Nikki 1.7 percent, while wider Topix index It strengthened by 1.3 per cent.

goes in China Shanghai boat up 1.3 percent, while Hang Seng In Hong Kong, it increased by 1.7 percent. US Treasury Secretary Janet Yellen will visit China on Thursday, July 6, and will stay until July 9, according to TDN Direct.

According to the Wall Street Journal, meetings are scheduled with representatives from the Chinese government. Tensions between the US and China have escalated in recent months, especially over issues of Taiwan, trade and technology.

In addition, China must want to slow the economic downturn by showing that it is open to doing business with the West.

Read Asia’s full explanation here.

The price of oil is in green

Brent oil rose 0.8 percent to $75.48 a barrel since midnight. By comparison, the price of a barrel of North Sea oil was $74.82 at the close on Friday.

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WTI Crude Oil is currently unchanged on the day, trading at $70.61 per barrel.

The stock market party on Wall Street

Wall Street ended the first half of the year broadly higher.

During the first half of the year, the S&P 500 rose more than 16 percent, the best since 2019. The Nasdaq was the winner, rising nearly 32 percent and having the best first half since 1983. The Dow Jones rose 3.9 percent more modest this year, according to CNBC.

The rise in the Nasdaq shows the strength of the technology sector, which Berntsen calls the main driver of the US stock market.

“It will be interesting to follow the developments in the second half of the year. The question now is whether the technology sector will continue to lead, or whether we will see a rotation towards more value-oriented sectors,” the Nordnet analyst writes.

Friday rose Standard & Poor’s 500 1.22 percent to 4450.16 while the technology index Nasdaq It increased by 1.45 percent to 13,787.92. Dow Jones It rose 0.83 percent to 34,405.99.

On Friday, Apple surpassed $3,000 billion in market capitalization — more than NOK 32,200 billion. This corresponds to two Norwegian oil funds. The stock is up more than 50 percent so far this year. On Friday, the stock rose 4 percent to $194.

Read the full US commentary here.

Oslo bors rose

The main index on the Oslo Stock Exchange closed up 0.33 percent.

under the sea 7 It rose more than 12 percent to NOK 133.65 after the main contract for Seaway 7. The company says the contract will be worth between $500 and $750 million.

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At the top of the list of winners we find Oval Labs That jumped nearly 10 percent after positive remarks by Carnegie analyst Oliver Pisani.

– The stake was severely punished, due to disappointing demand in the computer and smartphone markets, but the company has contracts with four of the six largest computer hardware suppliers in the world, the analyst tells Finansavisen, and believes that the company can increase its revenue 20 times.

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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