Oslo Børs fell 1.2 percent on Monday, after a fall of more than 1 percent on Friday. Can the trend reverse?
Trading in Asia is mixed on Tuesday, while oil prices trade markedly down from closing time on the Oslo Stock Exchange on Monday afternoon.
Futures contracts in the US are trading down 0.0 to 0.2 percent. Corresponding contracts in Europe are mixed.
Heavy Hong Kong fall
The Asian stock exchanges are mixed in trading on Tuesday. The Hong Kong stock market falls heavily, weighed down by property and technology stocks.
The crisis-stricken homebuilder China Evergrande Group presented the results for 2021 and 2022 well overtime. The losses for 2021 ended at $95.68 million, while the net profit for last year was minus $125.8 billion.
In China, the Shanghai Composite falls back 0.4 per cent, the Hang Seng in Hong Kong is down 2.2 per cent, and the Kospi in South Korea weakens 0.6 per cent.
Read the full Asia commentary here.
Lower oil price
North Sea oil is traded markedly down from when Oslo Børs closed on Monday afternoon. On Tuesday morning, the oil price traded up 0.3 percent from midnight to 78.25 dollars per barrel. barrel, against USD 79.29 around closing time on the stock exchange.
At the same time, the US light oil WTI rises 0.4 percent to 74.44 dollars a barrel.
In July, shale oil production in the USA is now expected to be 9.415 million barrels per day, which has been adjusted upwards from the estimate of 9.375 million barrels per day in the previous month’s report to the US Department of Energy’s statistics wing, EIA, writes TDN Direkt.
Rise on Wall Street
Monday was a day with green figures for the three leading indices.
2023-07-18 04:46:05
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