International Courant
The article continues under the commercial
The principle index on the Oslo inventory change fell 0.3 on Monday, after a robust end final week. Ten minutes after opening on Tuesday, Børsen is 0.6 p.c behind.
Markets are awaiting essential worldwide macro information later this week. On Thursday there shall be inflation figures for the eurozone in addition to PCE figures for the US.
There are few new figures on Tuesday that traders can search for assist with, so small results on the inventory markets are initially anticipated.
Good luck from Seadrill
The drilling platform firm Seadrill as soon as once more delivered very sturdy outcomes, which have been offered on Monday night. Expectations have been exceeded and the corporate is growing buybacks and revising estimates. The Seadrill share rose greater than 5 p.c instantly after opening.
Seadrill shares are up greater than 40 p.c thus far this yr, consistent with more and more favorable quarterly outcomes, pushed by an oil rig market that has recovered considerably from the lows.
The article continues under the commercialAvance Gasoline additionally delivered ends in the early hours of Tuesday and greater than doubled working revenue. However the traders usually are not happy and ship the share value down ten p.c on the opening. There’s loads of buying and selling within the inventory within the morning.
Northern Drilling was the inventory market winner on Monday and on Tuesday morning the corporate repeated this efficiency with an increase of greater than 50 p.c. However right here we’re speaking about ‘Russian percentages’, because the inventory has fallen by greater than 90 p.c within the final three months. There is no such thing as a official information from the John Fredriksen-controlled oil rig firm this week.
The oil value for North Sea oil continues to fluctuate round $80 per barrel and stood at $80.10 on Tuesday morning.(Situations)Copyright Dagens Næringsliv AS and/or our suppliers. We wish you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by regulation. For additional circumstances see right here.
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Printed: 20.11.23 — 11:44
Oslo Børs opens, however Seadrill goes straight up
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