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On Wednesday, the Oslo Stock Exchange made a mini-comeback after Tuesday’s fall. The main index rose by 0.7 per cent at closing time.
On Thursday, however, the main index on the Oslo Stock Exchange will fall by 1.14 percent.
The rig company Shelf Drilling and the oil service investment company Akastor fall 8.93 percent and 6.25 percent from the start, respectively. The solar park company EAM Solar is rising by almost ten percent.
The GNP Energy share falls seven percent, after it became clear on Wednesday afternoon that CFO Ole Kristian Haga has resigned.
Large fluctuations
Recently, the uncertainty associated with the new corona variant omikron has created stock market turmoil. Both on the Oslo Stock Exchange and in the global market, there have been large fluctuations in the past week.
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On Wall Street, the arrows pointed down at closing time on Wednesday.
– After an initial rise of almost two percent, the US stock markets fell back yesterday and the S&P 500 closed at -1.2 percent after the news that the first case of omicron has been confirmed in the US, SEB writes in its morning report.
Sees an improvement in the supply crisis
In Norway, several cases of the new virus variant have been confirmed. On Wednesday, two cases of the omicron variant of the coronavirus were detected in Øygarden municipality and two cases in travelers to Gardermoen. At the same time, there has been a major outbreak in Frogner district in Oslo. The district chief in Frogner suspects that 30-40 people are infected by the omicron variant after a Christmas dinner held by the solar energy company Scatec.
– In Asia, the markets show a mixed development in the morning and the Nikkei index is down by 0.3 percent shortly before closing time. At the same time, the most important Chinese indices are up to 0.4 per cent. The news related to the pandemic together with reports that Apple has informed suppliers about a weaker demand development and new Chinese regulations of the technology sector uncertainty among investors, writes DNB Markets in its morning report.
Tablecloth for oil meeting
On Thursday morning, the oil price rises by 1.42 per cent, but it is still lower than when the Oslo Stock Exchange closed on Wednesday. The barrel price for North Sea oil on Wednesday afternoon is around 69.80 dollars.
Later on Thursday, the expanded oil cartel Opec + will meet to decide whether it will increase production as planned, or whether the production increase of 400,000 barrels per day will be postponed.