Stockholm stock market edges lower
Photo: Tomas Oneborg/SvD/TT

Stockholm stock market edges lower as Electrolux surges on earnings report

The Stockholm Stock Exchange's OMXS index closed down 0.2 percent. Among the winners was Electrolux, which surged following Wednesday morning's interim report.

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Electrolux shares rose 22 percent after the interim report surprised the market positively. Another earnings winner is the measurement technology company Hexagon, which rose 12 percent.

Among the losers is the defence group Saab, down 2.6 percent.

The oil price has risen by around 6 percent, with a barrel of North Sea Brent trading for just over $90.

Early trading on Wall Street is in the red ahead of tonight's interest-rate announcement from the US Federal Reserve. The Dow Jones industrial average is down 1.6 percent, the tech-heavy Nasdaq is down 1.2 percent and the broad S&P 500 is down 0.9 percent.

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