Stockholm stock market edges lower as oil price rises toward $100

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Stockholm stock market edges lower as oil price rises toward $100
Photo: Stina Stjernkvist/TT

After about ten minutes of trading, the broad OMXS index has fallen by 0.2 percent, but movements among the stock market's heavyweights are generally small. Telecom giant Ericsson is the biggest loser, down 0.7 percent.

Yesterday, the US stock markets were closed for the weekend. Ahead of the opening on Wall Street this afternoon, futures trading is mixed, with the tech-heavy Nasdaq stock market trading up while the broad S&P 500 index points down.

During overnight Asian trading, it was mostly down.

The price of oil has risen further and a barrel of North Sea oil costs $98.70 at 9 a.m. on Tuesday morning.

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

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