Stockholm stock market falls after volatile trading, Saab rises on NATO deal hopes

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Stockholm stock market falls after volatile trading, Saab rises on NATO deal hopes
Photo: Fredrik Sandberg/TT

Saab rose 2.1 percent after investment bank Morgan Stanley raised its recommendation and NATO Secretary-General Mark Rutte confirmed that NATO intends to purchase up to ten GlobalEye systems.

Engineering company Sandvik had a harder time, falling 4.6 percent.

The market is otherwise characterised by global downward pressure on technology stocks.

On top of the AI concerns, there is also a wave of geopolitical unrest after several tankers were hit by projectiles in or near the Strait of Hormuz.

The futures price for a barrel of North Sea oil has risen 2.8 percent during the day, to $73.97.

At the close in Stockholm, the stock exchanges in Frankfurt and Paris had fallen, while London was up. In New York, all three major indexes fell.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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