Cautious opening on the Stockholm Stock Exchange

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Cautious opening on the Stockholm Stock Exchange
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange is starting the trading week a little tentatively. After a few minutes of trading, the broad OMXS index is up 0.1 percent.

The stock market heavyweights on OMXS30 are retreating modestly, down 0.2 percent. Overall, the movements are small, but the engineering group Atlas Copco is moving the most steadily upwards, up 1 percent, and Sandvik, which is up 0.4 percent.

On the downside, tissue manufacturer Essity takes the lead, down 0.8 percent, followed by Ericsson, which is down 0.5 percent.

Trading on the leading stock exchanges in Asia has been mixed overnight and in the morning. Tokyo's Nikkei 225 index is up 0.2 percent this morning while Hong Kong's Hang Seng index is down 1.3 percent.

The New York Stock Exchange rose on Friday, albeit moderately, after inflation figures convinced the market that the US Federal Reserve will lower interest rates.

The broad-based S&P 500 index and the Dow Jones industrial average both rose 0.2 percent, while the tech-heavy Nasdaq composite index rose 0.3 percent.

One dollar costs 9.39 kronor on Monday and one euro costs 10.95 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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