Oslo Børs rises from the start – E24

The main index on the Oslo Stock Exchange starts the week with an upturn, and is up 0.26 percent at 11.15.

That after a mixed stock market morning in Asia. There was also a mixed picture on Wall Street before the weekend.

The price of oil has climbed throughout the day, but the rise has slowed at lunchtime. At the time of writing, one barrel of North Sea oil (Brent) is trading for $ 69.33 in the spot market, up 0.25 percent for the day.

Both Equinor and Aker BP are rising with the oil price, and are up 0.51 and 0.45 per cent respectively in the morning.

Among the most traded companies we also find Hydro (up 1.4 per cent), Nel (down 1.73 per cent), Yara (down 0.37 per cent) and Telenor (down 0.30 per cent)

Before the stock exchange opened, Crayon announced that top manager Torgrim Takle would resign on the day. He has worked for eight years in the company, which provides IT consulting. The stock is down 1.62 percent in the morning.

Interest rate meetings

This week offers a number of international interest rate decisions.

This includes Norges Bank, which will present its interest rate decision together with a recent monetary policy report on Thursday.

The central banks of the United States (Fed), the United Kingdom and Japan are also holding interest rate meetings this week.

– Many expect that the Fed will raise its growth estimates for the US economy due. the recent stimulus package of 1900 billion dollars, writes Nordnet analyst Roger Berntsen in a comment.

Otherwise, there has been a focus on long-term interest rates in recent weeks. The yield on US government bonds with a ten-year maturity rose above 1.6 per cent before the weekend.

– When interest rates rise, cyclical equities (finance and energy) become more attractive than growth equities (technology) in the short term. Moreover, given that interest rates rise in anticipation of better times, small companies also often rise during such periods, Berntsen writes.