Rise in anticipation of the Oslo Stock Exchange



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From IG Trading’s pre-trade, the Oslo Stock Exchange is up 0.36 percent.

Petroleum

Brent oil fell 0.64 percent to $ 49.48 a barrel on Wednesday morning, while WTI oil fell 1.40 percent to $ 46.36.

By comparison, a barrel of North Sea oil cost $ 50.31 at the close of the Oslo Stock Exchange on Tuesday.

Figures from the American Petroleum Institute (API), which is the largest US industrial organization for the petroleum industry, show that crude oil stocks in the US increased by 2.7 million barrels the last week, reports TDN Direkt.

The API figures also show that gasoline stocks fell 0.2 million barrels, while distillate stocks rose 1 million barrels last week.

Asia

In Japan, the Nikkei is up 0.33 percent, while the broader Topix index is up 0.23 percent.

The Shanghai Composite in China strengthened 0.79 percent and the CSI 300 rose 0.86 percent. Hang Seng in Hong Kong is up 0.78 percent.

In South Korea, the Kospi index rose 0.96 percent, the S & P / ASX 200 index in Australia rose 0.66 percent, and the Straits Times in Singapore rose 0.15 percent.

financial world

Two of the three leading indices on the New York Stock Exchange fell on Tuesday.

The Dow Jones fell 0.67 percent to 30,015.5, up 5.2 percent this year. The S&P 500 closed 0.21 percent lower at 3,687.3 and is up 14.1 percent so far this year. The Nasdaq High-Tech Composite rose 0.51 percent to 12,807.9. Thus, the index has risen 42.7 percent since the new year.

The stimulus package in the US has been the big focus this week, in addition to the mutated variant of the coronavirus. DNB Markets writes in an update on Tuesday that it is satisfied with the new fiscal policy package.

According to the Committee for a Responsible Federal Budget, about $ 385 billion of the $ 900 billion package will go to small businesses.

On Wednesday night, new uncertainty arose around the package after President Donald Trump called it “a disgrace” and wanted Congress to present another package.

The main index

The main index of the Oslo Stock Exchange closed up 1.1 percent Tuesday afternoon at 938.8 points. The stock market opened about one percent and was active until closing time.

The increase may be partly due to the fact that earlier in the day there were expert statements that the existing corona vaccines from Pfizer / Biontech and Moderna should also protect against the highly contagious mutant virus.

The stocks that rose the most on Tuesday were the newcomer to the Huddlestock Fintech stock exchange. , which ended with an increase of approximately 38.8 percent at the close of operations. Havyard Group and Scana it also had a good increase of 29.3 and 23.3 percent, respectively.

Norcod Cod Farmer increased 23.3 percent, continuing the sharp rise since December 16.

This is happening today – Wednesday

Presentations:

– 5PG: 10.00

Macro:

– Spain: Final GDP 3Q 9.00
– Canada: BNP October 14.30
– USA: Private consumption and inflation (PCE) November 14.30
– USA: FHFA House Price Index October 15
– USA: Michigan Index finally December 16
– USA: sale of new home November 16

Central banks:

– BOJ: minutes of the meeting 10/29 0.50

Other:

– Salmon: Statistics from Norway, weekly export of salmon 8.00
– Energy: Statistics of the water tank 13.00
– Oil: weekly oil stock figures from DOE 16.30

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