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Predicts rise on the Oslo Stock Exchange after a record in the US – E24

The results on the Oslo Stock Exchange follow a record night on Wall Street, a strong rise in places on the Asian stock exchanges and several earnings releases in the morning.

Stian Lysberg Solum / NTB
Published: Published:

The analysts at the online broker Nordnet believe that the Oslo Stock Exchange will rise 0.7 per cent during opening hours.

That after a record day on Wall Street the night before, when both the S&P 500 and the Nasdaq ended at a new record high.

The Asian stock markets also climbed the next morning, with the Tokyo stock market up more than one percent.

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The price of oil (Brent spot) has risen during the morning hours, but the rise has slowed somewhat towards the stock market opening. At the time of writing, the price is up 0.17 percent for the day to $ 59.12 a barrel.

The earnings season on the Oslo Stock Exchange is well underway, and XXL is among today’s candidates.

The sports chain beat expectations for operating profit, while sales were somewhat lower than expected, according to Bloomberg’s estimates. The XXL boss describes the quarter as «a real home win», and refers to a turnover growth of 20 percent in the Norwegian market.

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Okea has also provided new figures. The small oil company turned a profit in the past quarter, reducing the write-downs on the values ​​of the Yme project.

Hofseth Biocare and Sparebank 1 SMN have also submitted new quarterly reports before opening hours.



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