Stockholm Stock Exchange Opens Higher Amid Inflation Data

» Published: August 07 2025 at 07:25

Stockholm Stock Exchange Opens Higher Amid Inflation Data
Photo: Claudio Bresciani/TT

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The Stockholm stock exchange opens on the plus side after this morning's inflation figure. Right at the stock exchange opening, the broad index OMXS rises 0.4 percent.

On the list of major companies OMXS30, ABB and Sandvik are found at the top, both rising 1 percent each. At the bottom is Astra Zeneca, which declines nearly 2 percent. Saab loses 1.5 percent.

Outside OMXS30, it can be noted that the retail chain Clas Ohlson rises 3.4 percent after strong sales figures in July.

Inflation in Sweden rose even more in July and is now at 3.0 percent in annual terms, according to preliminary figures from SCB. It was slightly lower than analysts had expected, but it was the highest figure in 18 months, and is clearly above the Swedish Central Bank's inflation target.

At 06:00 Swedish time, the US import tariffs came into effect. On Wednesday, US President Donald Trump announced that he also plans to introduce 100-percent tariffs on circuit boards and semiconductors, for companies that do not have operations in the US.

In the currency market, the krona strengthened against the dollar, and one dollar costs 9.59 kronor in the morning. The krona is, however, almost unchanged against the euro, which still costs 11.20 kronor.

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