Oslo Poor’s shares rose 0.33% on Tuesday, after rising 0.23% on Monday. Can you continue? US inflation figures for June will have a lot to say, which are expected to be published at 2.30pm NST.
Economists, according to a Reuters survey, expect US inflation to fall to 5.0 percent in June, down from 5.3 percent in May.
US futures are trading flat to a slight rise Wednesday morning, while the corresponding contracts in Europe are up 0.3-0.4 percent.
Otherwise, Asian stock exchanges are mixed in trading on Wednesday. Oil prices rose throughout the evening on Tuesday and have risen significantly since the Oslo Poor’s close yesterday afternoon.
Nordnet analyst Roger Berntsen believes the stock exchange will open 0.5 percent, or in the range of 0.1 to 0.9 percent.
Hong Kong leads the way
In Japan, the Nikkei fell 0.6 percent while the broader Topix index fell 0.5 percent. China’s Shanghai Stock Exchange fell 0.4%, and Hong Kong’s Hang Seng rose 1.2%.
Japan’s machinery purchase rate fell 7.6 percent in May on a monthly basis. According to the Trading Economics consensus, an increase of 1.0 percent was expected on a monthly basis, according to TDN Direkt.
Kospi rose 0.1%, India’s Sensex rose 0.2%, and Australia’s S&P/ASX rose 0.4%.
Read Asia’s full explanation here.
oil price
The price of a barrel of North Sea oil is $79.44 per barrel. barrels, up 0.1 percent from midnight. In contrast, oil was trading at $78.49 a barrel at the close of the Oslo Stock Exchange.
Thus, oil is trading for a higher dollar now since then. And the price of US light oil – WTI – rose at the same time, 0.1 percent, to 74.87 dollars.
Otherwise, U.S. crude inventories rose by 3.0 million barrels last week, according to a survey by the American Petroleum Institute (API), the largest U.S. trade organization for the petroleum industry, according to TDN Direkt.
The rise of Wall Street
On Tuesday, the US stock market rose in anticipation of new inflation numbers on Wednesday. Core inflation is still expected to be high, but CPI is expected to come in lower than last month.
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