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IG Trading’s pre-trade indicated an increase of around 0.4 percent at 07:30, but now it has further strengthened to 0.5 percent. Nordnet analyst Roger Berntsen believes the leading index is opening 0.3 percent, or within range [0,1, 0,5] percent.
Oil prices
A barrel of oil burned cost $ 50.57 on Wednesday morning, 0.22 percent less. WTI oil was down 0.15 percent to $ 47.55.
By comparison, a barrel of North Sea oil cost $ 50.66 a barrel at the close of the Oslo Stock Exchange on Tuesday.
On Tuesday, the IEA released a new report with the future prospects of the energy market and believes, among other things, that the deployment of vaccines will not reverse the weakening of demand in the market in the short term.
At the same time, the IEA lowered oil demand estimates by 50,000 barrels per year. day in the short term and 170,000 barrels next year. The decline is largely due to less travel activity.
“On the demand side, the big short-term risk is expectations in the United States, especially due to lower demand for fuel and uncertainty about how many will take the vaccine,” an FGE analyst writes in a note.
Asia
Today there is a big rise in Asian stock markets, helped by Tuesday’s rise on Wall Street.
In Japan, the Nikkei rose 0.26 percent, while the broader Topix Index strengthened 0.27 percent.
The Shanghai Composite in China is down 0.03 percent and the CSI 300 is up 0.15 percent. Hang Seng in Hong Kong is up 0.78 percent.
In South Korea, the Kospi rose 0.52 percent, the S & P / ASX 200 Index in Australia strengthened 0.72 percent, and the Straits Times in Singapore rose 0.58 percent.
financial world
There was a huge surge on Wall Street on Tuesday. All three benchmarks rose, approaching new record levels.
- The Dow Jones was up 1.14 percent to 30,200.50.
- Nasdaq rose 1.25 percent to 12,595.06
- The S&P 500 was up 1.29 percent to 3,694.63
The hope of an agreement for a new support package contributed to the positive mood. House Speaker Nancy Pelosi invited top members of Congress to a meeting Tuesday in an attempt to finalize the agreement on a support package.
The market is also awaiting the outcome of the Federal Reserve’s interest rate meeting, which will be released on Wednesday. The Fed is expected to signal low interest rates for the foreseeable future. According to Reuters, vaccine distribution is expected to improve the Fed’s outlook for 2021.
Tech giant Apple stood out, rising 5.01 percent on rumors that the company wants to increase iPhone production by nearly 30 percent in the first half of 2021.
The main index
From the company news on Wednesday, Elektroimportøren has its first trading day on Euronext Growth, while Agilyx has a quarterly update.
The Oslo Stock Exchange ended flat on Tuesday. The leading index ended at 936.66, the same as Monday, and the shares were trading for NOK 5 billion.
The drone company Nordic unmanned had its first day of trading on Euronext Growth on Tuesday. The stock rose notably and ended as yesterday’s winner. On the first day of operations, the company announced that it had signed a 10 million drone deal with Bane NOR.
The technology company Q-Free it rose to a relatively high turnover Tuesday. Kapsch TrafficCom sold all of its Q-Free shares on Tuesday, while Rieber & Søn has secured 12.1 million shares of the company.
Inflexion Private Equity Partners will make an offer to buy Infront for NOK 34.40 per. action. In frontthe stock rose notably after the news.
Struck by the crisis Norwegian it fell further on Tuesday as investors rigged Thursday’s general meeting.
This is happening today – Wednesday
Macro:
Norway: fiscal accounts for November, at 08.00
Japan: Trade Balance for November, at 00.50
Japan: December PMI, kl. 01.30
UK: November KPI, kl. 08.00
UK: PPI November, kl. 08.00
France: PMI December, at 09.15
Germany: PMI December, at 09.30
UMU: PMI December, kl. 10.00
UK: PMI December, kl. 10.30
EMU: October Trade Balance, at 11.00
EMU: Labor costs 3rd quarter, at 11.00
Canada: CPI November, at 14.30
USA: Retail in November at 2:30 PM
USA: Markit PMI December, kl. 15.45
USA: Items not sold in stock October, at 4pm
USA: NAHB housing index for December at 16.00
USA: Fed, interest rate decision at 20.00, press conference. to 20.30
Other:
The electricity importer: Euronext Growth’s first trading day
Agilyx: quarterly update at 08.00, webcast kl. 14.00
Sbanken: extraordinary general meeting, Bergen, at 10.00
Norway: Weekly Salmon Exports from Statistics Norway, at 08.00
Norway: water tank statistics, at 13.00
US: DOE weekly oil inventory figures at 16.30
