May 28, 2022

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You must know this before opening the Oslo Stock Exchange

You must know this before opening the Oslo Stock Exchange

This is a 1.9 percent increase on the Oslo Stock Exchange since the start, according to data from IG Trading. Roger Berntsen, an analyst at Nordent, believes that the benchmark index opens up 2.1 per cent, or in the range of 1.8-2.4 per cent.

oil

Oil prices rose slightly on Thursday morning, and burnt oil increased 0.1 percent to $74.51 a barrel. West Texas Intermediate crude fell 0.1 percent to $71.64 a barrel.

By comparison, a barrel of North Sea oil was at $73.01 at the close on Wednesday.

“Despite the current outbreak of the virus, the IEA’s weekly inventory report showed that demand for petroleum products has reached record levels, crude oil exports are down and national crude oil stocks are down more than expected,” Edward Moya, senior analyst at OANDA told Reuters.

“The Omicron wave may lead to new restrictive measures across the United States, but the reductions that occurred during the height of the epidemic will not happen again,” he added.

US crude oil stocks fell by 4.6 million barrels last week, according to data from the US Energy Information Administration. This was more than double what had been expected from the number of analysts with whom Reuters was in contact.

Asia

In Japan, the Nikkei rose 2.1 percent, while the broader Topix rose 1.5 percent.

China’s Shanghai Composite Index is up 0.5 percent, Hong Kong’s Hang Seng is down 0.4 percent, and South Korea’s Kospi is up 0.4 percent.

In India, the Sensex Index rose 0.2 percent, the S&P/ASX 200 Index in Australia fell 0.4 percent, while the Straits Times Index in Singapore rose 0.2 percent.

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Wall Street

The US aggregate calendar is big today and numbers are being provided for first-time jobless applicants and industrial production numbers. In addition, the Markit PMI for December and the Philadelphia Fed Index for December are published.

It was a quiet start for the major indices on the New York Stock Exchange, but they declined before the Fed’s decision. After the meeting, mood improved significantly and indicators rose, according to Governor Jerome Powell’s statement.

At the close of trading on Wednesday, it looked like this:

  • The broad S&P 500 index rose 1.6 percent.
  • The Dow Jones Industrial Average rose 1.1 percent.
  • The Nasdaq tech index was the gainer the most, ending the day at 2.2 percent.

main index

On the macroeconomic front, the main event today is that Governor Austin Olsen will present his Interest Rate Decision and Monetary Policy Report at 10.00.

Company-wide, shares of XXL and 2020 Bulkers are trading excluding dividends.

On Wednesday, the main index on the Oslo Stock Exchange fell 0.5 percent before closing at 1,153.61 points. About 5.2 billion NOK shares were traded.

It was one of the stocks that marked Petronor Okocream carried out a raid on the company’s headquarters in Oslo. The stock was down 11.7 percent, and on Thursday morning the company sent a new announcement to the stock exchange saying that senior manager Knut Suffold had been arrested in connection with the investigation.

drilling rig work Prosafe It fell 15.6 percent after heading to EBITDA from $24 to $26 million in 2021, and expects the first conversion into a restructuring, where approximately 7.9 billion shares will be issued, will be completed in the next few days.

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Things went better Elliptical Labs that entered into a partnership with Intel. The stock rose 20.6 percent to 25.20 crowns.

Aurora Real Estate He debuted on Euronext Growth on Wednesday. The company owns several malls and the largest shareholders are Eiendomsspar, Joh. Johannson Eiendom, NREP, Strawberry Shopping, Alti Invest, Varner Invest, Stokke Industri Eiendom, Clipper. The stock rose 2.9 percent to 105 crowns on low trading volume.

financial calendar

precise:

Norway: Norges Bank, interest rate decision and monetary policy report, at 10.00