OMXS-index rises by 2.4 percent in the initial Tuesday trading.
Among the most traded shares, heavy engineering shares such as Sandvik and SKF rise by 3.6 percent. The increase is broad with 28 out of 30 OMXS30 shares on the plus side.
AB Volvo rises 3.4 percent after the announcement that they will divest a large ownership in a Chinese company to instead take over the retailer Swecon from Lantmännen.
The financial market has since the US attack on targets in Iran over the weekend been particularly worried about Iranian retaliatory attacks on the major oil traffic in the Persian Gulf and the Strait of Hormuz. But since such attacks have not been carried out yet and since the US president has declared a ceasefire – confirmed by both Iran and Israel – the oil price falls significantly.
A futures contract for delivery of so-called Brent oil next month – which on Monday was up over $81 per barrel – costs at 9 am 68.50 dollars per barrel.
At the same time, the dollar has fallen back from exchange rates around 9.74 kronor on Monday to under 9.55 kronor.
The gold price – which usually rises in times of unrest – has fallen to $3,322 per ounce (approximately 31.1 grams). This can be compared to Monday's peak levels around $3,393 per ounce.
Leading Asian stock exchanges have risen during the night's trading on a broad front. And it clearly points upwards in futures trading ahead of Tuesday's trading on Wall Street.
On Monday, the Stockholm stock exchange's OMXS-index fell by 0.4 percent. And with Tuesday's increase, the index is at a minus of 0.7 percent since the turn of the year.
