Oslo stock market in decline after negative signals from global economy

OSLO, Aug. 14 (Xinhua) -- Oslo stock market saw a decline of 2.1 percent Wednesday afternoon, due to gloomy signals from abroad, online newspaper E24 reported.

Negative growth figures from Germany and signs of recession in Britain and the United States have soured the mood in European stock markets, the report said.

While German GDP figures showed that the country's economy shrank by 0.1 percent in the second quarter, Britain and US showed fear of recession.

At the same time, oil prices have also experienced downturn, with North Sea oil now worth 59.54 U.S. dollars, which is down 2.2 percent.