Yesterday, both the Stockholm Stock Exchange and the US stock markets fell sharply after several members of the US Federal Reserve signaled doubts about a new interest rate cut. Some concern about high valuations of the big technology companies also pressured prices.
After a few minutes of trading on Friday morning, the Stockholm Stock Exchange's broad OMXS index has fallen by 0.7 percent. The decline is broad, with all heavyweight stocks in the red. Among the losers is heat pump company Nibe, which is down just over a percent after its quarterly report.
Even during overnight Asian trading, it was mostly down. And ahead of the opening on Wall Street later today, futures trading points to continued falling indices.
The krona weakened by 4-5 öre in morning trading. One dollar now costs 9.44 while the euro is quoted at 10.98.
