Stockholm stock market opens around zero

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Stockholm stock market opens around zero
Photo: Fredrik Sandberg/ TT

The Stockholm Stock Exchange opens the new week with indices around zero.

After a few minutes of trading, the broad OMXS index is down 0.1 percent. Among the most-traded stocks, there are about as many winners as losers. The best performer is mining company Boliden, up 1.6 percent, after continued rises in metal prices. At the other end, telecom giant Ericsson is down 2 percent after Friday's rush.

On Friday, the Stockholm Stock Exchange rose slightly. In the US, developments were mixed, and ahead of the opening on Wall Street later today, futures trading points to a slightly lower open.

During overnight trading in Asia, Tokyo was clearly down, while Chinese stock markets moved less.

The dollar has weakened further and is worth less than 9 kronor, at 8.92 to be exact. One euro is quoted at 10.57. The price of gold has risen to new record levels.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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