Hopes for an end to the war send Stockholm stock market up

Published:

Hopes for an end to the war send Stockholm stock market up
Photo: Claudio Bresciani/TT

At closing, the OMXS index had risen 1.5 percent.

The Stenbeck sphere's powerhouse, Kinnevik, rose 4.6 percent after the announcement that Helena Saxon - CFO of Investor - will take over as CEO in August.

The hope for a peace settlement between the US and Iran, which could normalize shipping through the Strait of Hormuz, characterized trade despite continued conflicting signals.

The price of crude oil and natural gas fell significantly; at 5:30 p.m., a barrel of North Sea oil was trading at just over $97.

The OMXS index has risen 6.6 percent since the turn of the year.

Loading related articles...

Tags

Author

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

Keep reading

Loading related posts...