Stockholm stock market opens lower as Handelsbanken, Axfood fall on earnings reports

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Stockholm stock market opens lower as Handelsbanken, Axfood fall on earnings reports
Photo: Christine Olsson/TT

A series of interim reports have been presented ahead of the stock market opening. SEB beat expectations and rose 4.2 percent, while Handelsbanken fell 2.8 percent on unexpectedly weak figures. For Axfood, the stock market reaction to the quarterly figures was a 10.5 percent plunge.

Wall Street closed higher on Tuesday and trading in Asia has been characterised by a technology boom.

Stock market sentiment is positively affected by unexpectedly low inflation figures from the US, which dampen the risk of interest rate hikes from the US Federal Reserve. However, crude oil prices continue to rise for the third day in a row, with the Strait of Hormuz blocked and threats of new attacks on Iran from the US.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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