Around 1:45 pm, the Stockholm stock exchange's OMXS index is down 0.1 percent. The movements are generally small among the heavyweights, where industrial companies such as AB Volvo, SKF, and Sandvik are still some of the winners, with increases of around half a percent. At the other end, defense conglomerate Saab is declining 3 percent.
The European stock exchanges are performing stronger. The Frankfurt stock exchange's Dax index is noting a new record high on Friday and has thus recovered the entire tariff crisis decline and a bit more. The record is being set despite the German economy's slowdown, but investors hope that the incoming Chancellor Friedrich Merz will get the economy spinning again.
The preliminary trade agreement between the US and the UK was met positively on most stock exchanges last night, although many details remain unclear. The main indexes on US exchanges rose yesterday, and so did Stockholm. In Asia, the trend was more mixed ahead of the tariff negotiations between the US and China, which begin in Switzerland on Saturday.
The krona is recovering some of yesterday's and last night's losses against a generally stronger dollar, which costs 9.68 kronor at lunchtime.
