Stockholm Stock Exchange rises – Volvo at the top

Published:

Stockholm Stock Exchange rises – Volvo at the top
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange begins Friday trading cautiously. A few minutes into the trading day, OMXS rises 0.2 percent.

At the top of the large-cap OMXS30 list are defense group Saab and truck manufacturer Volvo, both rising 2 percent each. Volvo's rise comes after a buy signal from major bank Citi. At the bottom of the index is forestry company SCA, which is down 1 percent.

There have been mixed movements on Asian stock exchanges during the morning hours, after a cautious trading day yesterday for US stock exchanges.

Inflation data from the US will be released this afternoon, which will be important for next week's interest rate decision from the US central bank, the Fed. In the morning, the probability of a rate cut is priced in at 87 percent, according to the CME Fedwatch tool.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...