The Stockholm stock exchange's OMXS-index has at 10:40 gone up by 0.1 percent.
Among the most traded stocks in the OMXS30 index, telecom equipment manufacturer Ericsson and defense group Saab are weighing down, down by 2.2 and 1.4 percent respectively. Clothing chain H&M is also being pushed downward ahead of the interim report on Thursday, down by 1.2 percent.
Among the winners, we find bearing manufacturer SKF, up by 1 percent, and hygiene product manufacturer Essity, up by 0.9 percent.
Leading European stock exchanges have also turned upward with a weak plus and it is pointing weakly upward in futures trading ahead of Monday's stock market opening on Wall Street.
Threat to oil traffic
The market is simultaneously waiting anxiously for Iran's next move, after the threat from Tehran to stop the large oil traffic through the Strait of Hormuz and carry out retaliatory attacks against US interests in the region.
During night trading, the development has been mixed on leading Asian stock exchanges, with increases in Shanghai and Hong Kong, but slightly downward on the Tokyo stock exchange.
The dollar rose to 9.73 kronor during night trading, the highest dollar exchange rate against the krona in over a month. But in morning trading, the dollar has fallen back to 9.67 kronor.
In the commodity market, the price of so-called Brent oil rose during night trading to over $81 per barrel – which is a new high for the year. But in morning trading, the price has fallen back to under $77 per barrel.
Oil price decides
The gold price, which usually rises when investors seek safe investments in times of unrest, was during night trading up to $3,395 per ounce (approximately 31.1 grams) – a good bit below the historical peaks of $3,500 per ounce in April. During morning trading, the price has fallen back to $3,360 per ounce.
"Geopolitically motivated downturns are historically short-lived and limited", writes Michael Wilson, strategist at Morgan Stanley in a comment according to Bloomberg.
"The oil price will decide whether the turbulence persists", he adds.
