Revenge in sight – strong rise in pre-trade
The main index on the Oslo Stock Exchange has made up for some of Friday’s losses and the mood on several of the European stock exchanges is good.
- The main indices in Finland and Sweden are 1.6 and 1.5 per cent, respectively, while the main indices in Copenhagen have a decline of 0.2 per cent.
- The FTSE 100 in London is up to 1.2 percent.
- CAC40 in France is up 1.3 percent.
- The DAX in Germany is up 0.8 percent.
- MOEX in Moscow strengthened by 2.3 percent.
- FTSE MIB in Milan rises 1.1 percent.
- IBEX 35 in Madrid is up to 1.3 percent.
One of the sectors that was hardest hit before the weekend was tourism, and several aviation stocks really got burned.
Several of the companies are recovering on the stock exchange on Monday. Here at home, Norwegian is up 5.5 percent, Flyr is up 2.3 percent and Norse Atlantic is strengthening by 1.0 percent. The decline, on the other hand, continues for SAS, which is 1.6 percent.
Many European travel companies are also rising. Among other things, Lufthansa is up 5.2 percent, and the owner of another British Airways, IAG, is up 4.9 percent. Wizz Air, Air France and EasyJet are also at 5.8, 3.5 and 4.4 percent respectively. Finnair, on the other hand, is down about 1.0 percent.
Good atmosphere before opening
The good mood also seems to be spreading to the US when marked opens.
In pre-trade, the Dow Jones is up 0.7 percent, the S&P 500 is up 0.9 percent and the Nasdaq 100 index is heading for a rise of 1.0 percent.
At the same time, oil prices are making a comeback after the biggest daily drop since April 2020 on Friday, rising 4.2 percent. The American ten-year-old also strengthens by 0.05 points to 1.535 percent.
“The pandemic and covid variant remain one of the risks in the market, and are likely to provide volatility in the years to come. It is difficult at the moment to determine how long-lasting and effective the Omikron will be too marked, “writes Keith Lerner, chief investment officer at Truist Advisory Services, in a note, according to CNBC.