The Oslo Stock Exchange opened straight down on Monday morning, and the fall continued. At 11.30 on Monday, the main index is down 2.64 percent, to 1200.50. Almost all companies on the main index have fallen in value. DNB is down 2.1 percent, Vår Energi down 4.1 and Equinor down 2.6. The price of oil has also fallen somewhat, from 122 to 120 dollars per barrel. Inflation higher than expected The fall comes after more news of rising inflation and higher interest rates. Recent inflation figures show that prices in the US are rising much faster than expected. This creates concern that the US Federal Reserve must raise interest rates faster than planned. The news came just before the stock exchanges on Wall Street opened on Friday, something that left its mark on the day. The broad S&P index fell 2.03 percent, the Nasdaq technology index was down 2.27 percent and the Dow Jones industrial average was down 1.75 percent. Trading on the Tokyo Stock Exchange also started the week down as a result of news from the USA. The Nikkei index was down 3.1 percent just before closing on Monday. The broader Topix index had weakened by 2.3 percent, writes NTB.
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Oslo Børs with sharp fall from the start – news Norway – Overview of news from different parts of the country
