Global stocks set for biggest two-day gain since August as oil prices fall and tech shares rebound
Photo: Jin Lee AP/TT

Global stocks set for biggest two-day gain since August as oil prices fall and tech shares rebound

Stock markets around the world are broadly higher and look set to post their biggest two-day gain since August. The Stockholm Stock Exchange is holding steady and is expected to open clearly higher, according to futures trading on IG Markets.

Two major drivers behind the stock market's movements are continued downward pressure on oil prices and a rebound in technology stocks following the sharp falls last Thursday - after the US midterm elections.

The price of North Sea oil (Brent) is down 1.4 percent to $91.30 per barrel on the futures market. The price of natural gas on the commodities market in Amsterdam is also falling, to 80 euros per megawatt-hour.

On Monday, the Stockholm Stock Exchange's OMXS index rose 1.1 percent, bringing its gain since the beginning of the year to 9.9 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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