Stock market week starts broadly higher

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Stock market week starts broadly higher
Photo: Claudio Bresciani/TT

The hope for a peace settlement between the United States and Iran that would normalize shipping through the Strait of Hormuz is shaping trade.

Kinnevik, a powerhouse in the Stenbeck sphere, rises 2.6 percent after the announcement that Helena Saxon - CFO at Investor - will take over as CEO in August.

Global prices for crude oil and natural gas are falling sharply. The dollar and global market interest rates are also under downward pressure, including Swedish rates.

The Stockholm Stock Exchange's OMXS index rose 1 percent on Friday, ending last trading week, and is up 6.1 percent year-to-date.

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

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