New York dragged Stockholm Stock Exchange down

The Stockholm stock exchange's earlier rise on Tuesday fell back, but the broad OMXS index still closed at plus 0.1 percent.

» Published: March 18 2025

New York dragged Stockholm Stock Exchange down
Photo: Fredrik Sandberg/TT

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A downturn on the New York stock exchange after opening pulled the Stockholm stock exchange down, which for most of the trading day had been more on the plus side.

Investors are waiting anxiously for Wednesday's interest rate decision from the US central bank Federal Reserve and not least Fed chief Jerome Powell's press conference afterwards to get clues about how the bank will act going forward.

Stockholm thus developed worse than leading European stock exchanges, where, among others, the Frankfurt stock exchange rose after a gigantic defense and infrastructure investment was approved in Germany's parliament.

On the Stockholm stock exchange's OMXS30 list of the most traded shares, heat pump manufacturer Nibe took the lead and rose 2.3 percent. Germany is one of the company's major markets.

Mining giant Boliden rose 1.3 percent. In connection with the company's capital market day, an investment of 750 million kronor for expanded production in Garpenberg was announced.

Defense group Saab continued upwards after having noted a new all-time high for the share on Monday. The share rose 1.4 percent on Tuesday.

Among the smaller companies, a decline was noted for defense colleague Mildef, which fell back 5.5 percent. This followed insider sales in the company.

At the close in Stockholm, all three major indices in New York were clearly in the minus.

The krona continues to strengthen, and one dollar now costs 10.05 kronor, while one euro is quoted at 10.99 kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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