Stockholm Market Rises Slightly as Husqvarna Shares Drop

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Stockholm Market Rises Slightly as Husqvarna Shares Drop
Photo: Claudio Bresciani/TT

The Stockholm stock exchange extends Monday's price increase with a weak rise in a strong stream of reports – where Husqvarna gets a thumbs down. The OMXS index has after a few minutes of trading gone up 0.1 percent.

Among the winners, one finds the lock giant Assa Abloy, which rises 2.7 percent after an interim report. The medical technology company Getinge also reports a rise, up 2.1 percent.

Quarterly figures have also been presented by Tele 2, which, however, gets a thumbs down from the stock exchange. The share falls 4.0 percent.

Husqvarna plummets, down 8 percent, after an unexpectedly weak report and the announcement that a component factory will be closed.

It has been upwards on leading Asian stock exchanges during the night's trading as the fear of an escalated trade war between the US and China has decreased ahead of the planned meeting between President Donald Trump and China's leader Xi Jinping.

Wall Street also closed clearly upwards on Monday, when the Stockholm stock exchange rose 1.2 percent. Since the turn of the year, the OMXS index is up 5.8 percent.

Gold is trading around 4,330 dollars per ounce (31.1 grams), near Monday's new historic record of 4,356 dollars per ounce.

The krona strengthens marginally against the euro to the exchange rate 10.97 kronor. One dollar costs 9.43 kronor – in line with Monday's exchange rate.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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