Stock market starts slightly lower on final trading day of the week

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Stock market starts slightly lower on final trading day of the week
Photo: Claudio Bresciani/TT

The stock market opened slightly lower on the final trading day of the week. The OMX index is down 0.2 percent after 10 minutes of trading.

The market is characterized, among other things, by concerns about an AI bubble after four US tech giants raised their investment plans to a staggering $650 billion by 2026.

The krona continues this week's downward trend, which began after minutes showed that members of the board may consider lowering the key interest rate this spring. One dollar costs 9.06 kronor, one euro 10.68 kronor.

Skanska's shares are down 1.8 percent after an accounting report. Volvo Cars, whose shares plunged 22.5 percent on Thursday, is down just over 3 percent.

Wall Street ended Thursday clearly down, while trading on leading Asian stock exchanges was mixed overnight.

The prices of gold and silver have stabilized after the recent sharp decline.

The OMXS index is up 3.3 percent since the turn of the year.

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

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