Omikron turmoil and falling oil prices weigh on the Oslo Stock Exchange – E24
The stock market is down 1.5 percent from the start. The salmon share Bakkafrost is going on a price spike after reporting increased mortality among the fish in the company’s facilities in Scotland.
These are red numbers in markets around the world, and the Oslo Stock Exchange is no exception. The main index is down about 1.5 percent after one minute of trading.
Most heavyweights are in the red:
- Equinor is down 1.5 percent
- Aker BP down 2.4 percent
- Beaten 1.8 percent
- Norsk Hydro down 2 percent
- DNB down 1.6 percent
The fish farming company Bakkafrost falls 10.5 percent after a report that increased mortality among the fish in the company’s facilities in Scotland has cost the company 174.6 million Danish kroner (239.8 million Norwegian kroner) in October and November. The mortality is due to problems in the gills of the fish, which were amplified by a type of tiny jellyfish in the facilities.
The Copenhagen Stock Exchange down over 6 percent
A fat of North Sea oil Brent handles to $ 71.42 in the spot market Monday morning Norwegian time, which is a decline of 4.2 percent since midnight. Brent is used as a reference for global oil trade.
European stock markets are falling sharply. The Copenhagen Stock Exchange in particular stands out, with a decline of 6.3 percent. Drug giant Novo Nordisk is down 11.4 percent delays in the drug Wegovy.
Asian stock markets have fallen sharply on the morning twig. In the US, the arrows are pointing downwards in pre-trade, with futures linked to the three leading Wall Street indices falling.
Biden with budget smell
The development comes according to Bloomberg among other things, after concerns about new downshifts due to increased omicron infection. In practice, the Netherlands runs a full “lock down” from Sunday, which lasts until and including 14 January at the earliest. The UK has also had an increase in corona infection recently.
US Democratic Senator Joe Manchin says he will vote against President Joe Biden’s $ 2,000 billion crisis package. It represents a defeat for the president. Goldman Sachs has subsequently reduced its growth forecasts in the United States.
The senator issues a statement on his Homepage, where he explains that Biden’s prestige project is too expensive. CNN reports that this should have made Biden furious.
Christmas effect
Low trading volumes associated with Christmas may amplify fluctuations in marked.
– It is often a little worse liquidity in the market to get closer to Christmas, and you are often afraid to take the risk towards the end of the year to potentially ruin what for most has been a good year, says senior strategist Joachim Bernhardsen in Nordea Markets.
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