There are strong reactions we see on the market, but still more restrained than expected on the dramatic events, says Robert Bergqvist, economist at the major bank SEB.
In the rest of Europe, the stock market development was similar, and in Asia, the leading indices fell by about 1 percent during the night. The same applied on Wall Street where the declines were roughly the same after a few hours of trading.
”Can get worse”
The stock markets fell as a result of the attack but not to the extent one could expect, according to Robert Bergqvist.
As recently as yesterday evening, the stock markets closed globally at an all-time high, he says.
It was not so long ago that Israel and Iran sent bombs to each other, a development that was then dampened relatively quickly.
This time, the attack is of a more drastic nature with several military leaders killed. Does the market's reaction not risk becoming more dramatic as well?
One has to be a security policy expert to draw any such conclusions. So far, we have only seen a few percent stock market fall, but one can easily imagine that it can get worse, says Bergqvist.
Rising oil price
The oil price soared, but the increase was then dampened somewhat to an increase of around 5 percent. The gold price rose slightly, just over 1 percent.
Among individual shares, airlines were among the big losers due to concern and rising fuel prices. In the other direction, several oil shares rose properly. Defense shares were also winners on European stock exchanges. In Stockholm, Saab rose 2.8 percent.
In the currency market, the krona weakened slightly against both the dollar and the euro. One dollar cost 9.49 kronor at the close of the stock market and one euro 10.97 kronor.
