Although the world is struggling with a global pandemic, the stock markets do not seem particularly worried.
It has been a jubilee day on Wall Street, with a solid rise in several of the major indices.
The broad industry index Dow Jones is up 1.42 percent, to 30,011 points. This is the first time in history that the index reaches 30,000.
The S&P 500 is up 1.44 percent, while the technology index Nasdaq is up around one percent.
Rise on the Oslo Stock Exchange
Also in Norway it was a good day on Tuesday. The main index on the Oslo Stock Exchange rose on Tuesday by 1.94 percent to 935.09 points, helped by Entra and Equinor, among others.
After Tuesday’s rise, the main index is now in the red since the turn of the year. The increase this year as a whole is now 0.39 percent, writes E24.
Equinor and Entra helped to raise the stock market, and Entra was the most traded. The share rose by 19.69 percent after it became known that the Swedish real estate company SBB is bidding NOK 30 billion for its Norwegian competitor. The offer corresponds to a share price of NOK 165 for the former state-controlled company Entra.
Higher oil prices
Higher oil prices led to Equinor also rising on Tuesday. The oil giant rounded off with an increase of 5.24 percent after the oil price during the day rose to its highest level since March.
When the stock market closed, the price of a barrel of North Sea oil was 47.58 barrels, an increase of 3.89 percent during the day.
Equinor was second most traded on Tuesday. Further on the list of the most traded companies we find Norsk Hydro (+4.50 per cent), Nel (+2.94) and DNB (+3.02).
Green numbers were also found on the largest European stock exchanges. The DAX 30 in Frankfurt was up 1.27 percent, while the CAC 40 in Paris and the FTSE 100 in London rose by 1.27 and 1.40 percent, respectively.
(© NTB)
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