Oppgang på Oslo Børs
Pilene peker oppover igjen på Oslo Børs etter en dag preget av uro i rentemarkedene.
Oslo Børs' main index rose by 0.41 percent shortly after the stock exchange opened on Friday. Several of the most traded stocks saw this increase, as oil prices have been steadily rising since the Børs closed on Thursday afternoon. Just before the Børs opened on Friday, nordic oil (brent spot) was traded at $101.2 per barrel, marking an increase of just under 1 percent since the previous trading day on Thursday.
On Thursday, the Hovedindeksen on Oslo Børs fell by 0.87 percent, on a trading day that had been marked by global uncertainty and high oil prices. The U.S. ten-year Treasury yield rose to 5.33 percent, according to data provider Infront, which is the highest level since 2002. Shortly before the Børs opened on Friday, this yield, considered the world's most important yield, was at 5.24 percent.
Asian equity markets saw a significant decline on Friday morning. Oslo Børs is traditionally more influenced by global energy prices than by interest rates. At the same time, global uncertainty dampens appetite for risk. This has an impact on Oslo Børs as well. It might be when we start to see the effects of how high interest rates can go before negatively impacting the Norwegian stock market, says stock strategist Paul Harper from DNB Carnegie to E24 on Thursday.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
