The stock market continues to decline – bitcoin recovers

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The stock market continues to decline – bitcoin recovers
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange is starting off slightly lower. The OMXS index has fallen 0.2 percent after five minutes of trading. Leading European exchanges are trading sideways, except for the London Stock Exchange, which is also falling slightly.

Risk appetite remains subdued ahead of US statistics this week.

In Asia, the Shanghai Stock Exchange was down during overnight trading, while the Hong Kong Stock Exchange rose slightly and the Tokyo Stock Exchange was unchanged. Wall Street ended lower on Monday. The S&P500 index fell 0.5 percent.

The cryptocurrency bitcoin is recovering slightly after falling below $84,000 per bitcoin on Monday. At 9 a.m., the price is just over $87,000 per bitcoin. The prices can be compared to the historical record of $126,000 in early October.

The krona has been relatively stable against the dollar and the euro in the shadow of this week's stock market declines. One dollar costs 9.45 kronor, while the euro is trading at 10.98 kronor.

The Stockholm Stock Exchange began December with a decline of 0.3 percent on Monday. Since the beginning of the year, the OMXS index has been up 6.6 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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