Tariffs continue to affect the stock exchanges. The announcement by the USA's President Donald Trump over the weekend about increased steel tariffs does not directly improve the mood.
The Stockholm stock exchange's broad index, OMXS, closed at minus 0.5 percent.
Among the losers, the home appliance giant Electrolux stood out, down 5.2 percent, the truck giant Volvo, minus 2.8 percent, and the heat pump manufacturer Nibe, which fell 3.1 percent.
Going against the trend were, among others, the real estate company SBB, up 5.8 percent, the major banks SEB and Handelsbanken, which rose 2.0 and 1.3 percent, respectively. A possibly slightly unexpected winner was the steel conglomerate SSAB, which was up 7.7 percent following Trump's announcement about significantly increased steel tariffs. SSAB, however, has a lot of special steel production in the USA.
The development on the leading European stock exchanges was mixed, with Frankfurt and Paris trading downwards, while London rose 0.2 percent.
In Asia, the larger stock exchanges have clearly fallen during the night to Monday. Tokyo closed 1.3 percent down, the Hong Kong stock exchange has fallen by half a percent. After a few hours of trading on Wall Street, the trend is pointing downwards.
The dollar is trading at 9.54 kronor, while the euro costs 10.90 ahead of a week where the European Central Bank is expected to lower the interest rate. New Swedish inflation statistics on Thursday may be what decides whether the Swedish Central Bank also lowers the interest rate here.
