Stock Market Set to Open
Photo: Christine Olsson/TT

Stock Market Set to Open Lower as Investors Assess Quarterly Reports

Futures on IG Markets are trading slightly lower ahead of the last trading day of the week on the Stockholm Stock Exchange. Futures on leading European exchanges are showing a similar trend.

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The flood of reports from major companies on the stock market continued on Friday morning, with quarterly figures from, among others, truckmaker AB Volvo, carmaker Volvo Cars and defense group Saab.

In its report, Volvo Cars announced a major cost-cutting package that will eliminate 2,500 jobs globally.

Asian trading overnight saw technology stocks in the AI sector continue to weaken, following price falls on Wall Street on Thursday.

The OMXS index fell 1.9 percent on Thursday, reducing its year-to-date gain to 5.6 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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