Stockholm Stock Exchange Rises as Week Begins

The Stockholm stock exchange starts the week upwards. The OMXS index has after a few minutes of trading gone up 0,3 percent. The global risk appetite continues to be favored by hopes of an interest rate cut by the US central bank Federal Reserve (Fed) on Wednesday.

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Stockholm Stock Exchange Rises as Week Begins
Photo: Claudio Bresciani/TT

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Among the most traded stocks in the OMXS30 index, the game developer Evolution and the engineering group Sandvik are rising by 1.8 and 1.7 percent, respectively.

The share of the construction group Skanska is unchanged after the news of an additional contract for a biotechnology facility in Charlottsville, USA, valued at 1.2 billion kronor.

During the night's trading, leading exchanges in Asia have gone up after Friday's mixed closing on Wall Street, where the technology-heavy Nasdaq rose but the S&P500 closed at an unchanged price.

The Stockholm stock exchange ended last week with a weak rise of 0.1 percent, which gives a stock market rise since the turn of the year of 3.0 percent.

The krona is strengthening slightly against the dollar and is trading at around 9.32 kronor per dollar. Against the euro, it is also up a few öre compared to the price on Friday afternoon, to 10.93 kronor per euro.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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