Towards a strong revenge from Oslo Bors after the recent relegation yesterday

Towards a strong revenge from Oslo Bors after the recent relegation yesterday

In pre-trading on trading platform IG, Oslo Børs rose 0.7 percent at 07.00 Tuesday.

Asia

In Japan it goes up Nikki 0.7 percent, while wider topixThe index rose 1.2 percent.

goes in China Shanghai boat by 0.4 percent, Hang Seng In Hong Kong, it decreased by 1.4 percent, and Cosby In South Korea, it weakened by 0.5 percent.

In India it goes up Sensex 0.2 percent, S&P/ASX 200-The index in Australia rose 0.6 percent, and The Straits Times In Singapore, by 0.4 percent.

Read Asia’s full explanation here.

oil

Oil price recovered the full decline after yesterday The Wall Street Journal You mentioned that Saudi Arabia and other OPEC producers are discussing increasing oil production by 500,000 barrels per day. day.

Brent oil price responded consecutively, dropping more than 5 percent all the way to $82.41. WTI oil also fell dramatically.

But Saudi Crown Prince Mohammed bin Salman quickly backed down That oil production should increase, according to Amina Bakr at Energy Intelligence.

The price of Oil quickly recovered the full decline before the rumors started to swirl, and it is now trading near $87 again. Brent oil price is now $87.72 per barrel. A barrel of oil rose 0.3 percent, while WTI rose 0.2 percent to $80.19 a barrel. barrel.

Read the full review of the oil here.

See also  Now it is sold for half - E24

Oslo Stock Exchange

Oslo Poor’s made its way steadily through Monday, but then came the news about OPEC and Saudi Arabia’s production increases. The main index closed down 0.63 percent at 1,169.09.

Equinor decreased by 0.7 percent, Aker BP It decreased by 2.4 percent, while our energy decreased by 1.1 percent. There is likely to be a setback today after the oil price rebounded after yesterday’s close.

protection The share doubled in the past month and continued to rise by 17.4 percent on Monday. There was no company-specific news that contributed to the uptick, but the company increased its turnover by 60 percent in the third quarter.

Product carrier company Hafnia It posted its best result for the third quarter, up 1.2 percent. The shipping company made $280 million in the three-month period and he proposed to shareholders a dividend of $140 million.

The war created the supercharged market we see today. We believe that this will continue even after the end of the war, because Russian oil exports will not go back to where they were, says Hafnia CEO Mikael Skoff.

Just over a week ago, North Energy moved in, which is Scandinavian nanovectors The second-largest shareholder, after plans to merge with APIM Therapeutics, have been barbs. On Monday, Nordic Nanovector counterattacks against the criticism. However, the share decreased by 8.8 percent.

Read the full exchange update here.

Wall Street

After opening in the green, all of the leading indices on Wall Street reversed and closed in the red on Monday.

  • Dow Jones It fell 0.13 percent to 33,700 points
  • Standard & Poor’s 500 It decreased by 0.39 percent, to close at 3,949 points
  • Nasdaq It closed down 1.09 percent at 11,024 points.
See also  - The impossibility of competition - E24

The yield on 10-year US government bonds is 3.83 percent, while the Vix is ​​down 2.29 percent, to 22.59.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *