Stockholm stock market slips 0.1%,
Photo: Fredrik Sandberg/TT

Stockholm stock market slips 0.1%, Axfood slumps 14.9% after quarterly report

The Stockholm Stock Exchange closed Wednesday down 0.1 percent - despite falling oil prices and positive news from the US. For reporting food giant Axfood and Handelsbanken, the day was dark.

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The summer's flood of reports is underway. Major bank SEB beat expectations and rose 4 percent. Handelsbanken, on the other hand, fell 3.6 percent on unexpectedly weak figures.

For Axfood, the market reaction to the quarterly report was a 14.9 percent drop.

The stock market sentiment is otherwise positively affected by the assessment that the risk of an interest rate hike in the US has decreased. In addition, new statistics show that producer prices in the US rose less than expected in June.

Despite new hostilities between the US and Iran, crude oil futures prices suddenly fell. A barrel of North Sea oil now costs $83.9 after falling 1 percent during the day.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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