Stock market opens lower as
Photo: Christine Olsson/TT

Stock market opens lower as interest rate fears weigh on sentiment

Rising market interest rates are hitting investors' risk appetite. The Stockholm Stock Exchange OMXS index opened down 0.3 percent - in line with leading European exchanges. The krona is also losing value.

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The stock market decline is broad, with 24 of 30 OMXS30 shares in the red. Engineering group Sandvik is the biggest loser among the blue chips, down 2.4 percent.

The Swedish ten-year bond yield is following US interest rates higher. But technology stocks in Asia are rising after Wednesday evening's positive forecast from chip giant Micron Technology - and there appear to be gains on Wall Street in futures trading.

A futures contract for December delivery of North Sea oil is hovering around $98 per barrel after reports that oil flows from the Persian Gulf are close to pre-Iran war levels.

The dollar is strengthening and now costs 10.03 kronor, the weakest krone exchange rate against the dollar since the summer of 2025.

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