Stockholm Stocks Slide 4.5 Percent in a Week as US Inflation Hits

The Stockholm stock exchange's broad OMXS index fell again on Friday, down 0.9 percent. The trading week as a whole ended at minus 4.5 percent.

» Published: March 28 2025

Stockholm Stocks Slide 4.5 Percent in a Week as US Inflation Hits
Photo: Anders Wiklund/TT

Friday's decline was reinforced after American inflation figures pressed down stock prices on Wall Street, and the Stockholm Stock Exchange and the rest of Europe were dragged down in the fall.

Inflation in the USA turned out to be greater than expected, at the same time as President Donald Trump's trade tariffs against EU countries are creeping closer.

Among Friday's losers, the defense company Saab stood out, which lost 3.0 percent. At the bottom of the OMXS30 index, which lists the most traded stocks, were also the online casino company Evolution and the engineering company Sandvik, which sank 2.7 and 2.5 percent, respectively.

Index-heavy H&M received lowered target prices from several analysts after the clothing giant's report on Thursday. The stock fell 0.4 percent.

Among the stocks that rose were the telecom companies Telia and Tele2, up 1.2 and 1.1 percent, respectively, and the pharmaceutical giant Astra Zeneca, which lifted 1.5 percent. These companies traditionally rise during market unrest.

In the currency market, the krona strengthened against the dollar but weakened slightly against the euro. One dollar cost 9.98 kronor at the close of the exchange, and one euro cost 10.81 kronor.

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By TTThis article has been altered and translated by Sweden Herald

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