On Wednesday afternoon, the main Oslo Borse index fell more than 0.3 percent.
On the other hand, the price of oil rose by 0.2 percent after falling to one percent earlier in the day. A barrel of North Sea oil is trading at around $76, more than a dollar higher than the spot price at the beginning of the week.
Otherwise, Asian stock markets ended broadly lower on Monday. The Shanghai CSI 300 index closed down 0.6 percent, while Japan’s Nikkei 225 index fell nearly 0.4 percent. The worst was the Hong Kong Hang Seng Index, which closed down nearly 1.6 percent.
Røkke production record
Results season starts this week. The first second-quarter report of the year will be published on the Oslo Stock Exchange on Thursday, but some companies have already offered hints about what we can expect from the results.
On Wednesday morning, oil and gas company Aker BP did just that. In the update, the company can report That they had a production of 480,700 barrels of oil equivalent per day in the second quarter. This is a new record for the Røkke-controlled company. The share rose 1.4 percent.
The company will submit its full quarterly report on July 13 at 07.00.
Otherwise, aquaculture company Bakkafrost announced Wednesday morning that the company’s harvest volume reached 16,000 tons in the second quarter, lower than Infront’s recent consensus of 20,500 tons, TDN Direkt writes. The share fell 5 percent from the start before recovering to some extent. At the time of writing, the share is up over 0.4 percent.
The full second quarter report will be presented on August 22nd at 06.00.
Loan financing of DKK 305 million.
Aside from the quarterly updates, Havila Kystruten reports that the shipping company has gone into a dossier A financing agreement of 305 million euros to finance the four ships of the shipping company. The share goes up six percent.
Just over two weeks ago, the shipping company raised €65m in a private placement. This sent the stock down.
Moreover, the wild breeding Kingfish Company has created one The update is that the company has raised 32 million euros in convertible loan. The loan aims to finance the second phase of the expansion of the company’s facilities in the Netherlands.
Awaiting a rate hike in July
On June 14, the US central bank, the Federal Reserve, decided not to raise its key interest rate for the first time since March 2022.
On Wednesday evening, the minutes of the Fed’s previous interest rate meeting will be released. Investment bank SEB wrote in its morning report that it expects several rate hikes from the Fed, and that there may be another rate hike already at the next interest rate meeting on July 26.
This is supported by continued low unemployment and lower unemployment rates in the United States, along with the fact that the US economy grew by 2 percent in the first quarter. During a group debate on Wednesday last week, Fed Chair Jerome Powell stated that he would not rule out more consecutive rate hikes.(conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We’d like you to share our statuses using links that lead directly to our pages. Reproduction or other use of all or part of the Content may be made only with written permission or as permitted by law. For more terms see here.
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