Stockholm Stock Exchange slips as
Photo: Pontus Lundahl/TT

Stockholm Stock Exchange slips as global worries weigh on market

For a while, the Stockholm Stock Exchange seemed to withstand the rate freeze and rising oil prices - but ultimately ended in the red.

Advertisement

At the close, the OMXS index was down 0.1 percent after spending the afternoon in the red.

Among the heavyweights in Stockholm, heat pump group Nibe Industrier fell 2.5 percent, while mining group Boliden lost 2 percent.

In the opposite direction was SCA, among others, which finished top of the index with a gain of 2.6 percent.

In the United States, the yield on ten-year government bonds rose to 5.03 percent this morning - the highest level since 2007 - ahead of Wednesday's interest rate announcement from the US central bank, the Federal Reserve (Fed).

The price of oil has edged up, and at 5:30 p.m. North Sea oil cost just under $108 per barrel.

The OMXS index fell 1.0 percent on Monday. Since the beginning of the year, the OMXS index has risen 6.5 percent.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All