Stockholm Stock Market Falls 0.7% After US-EU Tariff Deal

Published:

Stockholm Stock Market Falls 0.7% After US-EU Tariff Deal
Photo: Claudio Bresciani/TT

Sunday's customs agreement between the USA and EU was initially received positively by the Stockholm stock exchange on Monday morning. But at closing, the OMXS index had fallen by 0.7 percent.

On the large company list OMXS30, the decline was broad. Only 4 out of 30 shares went up, among them the telecom giant Ericsson which rose marginally 0.2 percent.

The worst performers were the defense group Saab and the clothing giant H&M, down 3.8 and 2.4 percent respectively.

Leading stock exchanges in Europe also declined after a weak start upwards. The DAX index in Frankfurt lost the most, falling around 1 percent.

The agreement between the EU and the US means import duties of 15 percent on goods from the EU, including cars. The union commits itself at the same time to invest in and buy energy from the US for several thousand billion kronor.

The agreement seemed to appeal to American investors, and the indexes on Wall Street rose in the initial trading, but also there many prices fell back later. The electric car manufacturer Tesla took the lead with an increase of 3.7 percent after a few hours of trading.

With Monday's decline included, the Stockholm stock exchange's OMXS index has now risen 2.8 percent since the turn of the year.

Tags

Author

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

More news

Tips for Selling Gold: What to Consider Beforehand

Tips for Selling Gold: What to Consider Beforehand

Gold Prices Surge as Complaints Against Private Sellers Rise

Gold Prices Surge as Complaints Against Private Sellers Rise

US Stock Market Closes Mixed After Strong Week

US Stock Market Closes Mixed After Strong Week

Nelly Wins Case Against Shein but Must Pay Legal Costs

Nelly Wins Case Against Shein but Must Pay Legal Costs

Offline Card Purchases Coming by Summer 2026 in Sweden

Offline Card Purchases Coming by Summer 2026 in Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Oskarshamn Nuclear Reactor Restart Delayed Again

Oskarshamn Nuclear Reactor Restart Delayed Again

Financial Supervisory Authority Warns of Growing Scam List

Financial Supervisory Authority Warns of Growing Scam List

Service Sector Shows Clear Recovery in September Index

Service Sector Shows Clear Recovery in September Index

Second-Highest Rent Increase in Over 20 Years Reported This Year

Second-Highest Rent Increase in Over 20 Years Reported This Year

Stockholm Stock Market Rises for Sixth Consecutive Day

Stockholm Stock Market Rises for Sixth Consecutive Day

International Flights Rise in Sweden This Year

International Flights Rise in Sweden This Year

Japanese Stock Market Rises as Technology Shares Surge

Japanese Stock Market Rises as Technology Shares Surge

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Lyten Signs Collective Agreement After Northvolt Acquisition

Lyten Signs Collective Agreement After Northvolt Acquisition

Democrat Urges Trump to Release Job Figures Amid Government Shutdown

Democrat Urges Trump to Release Job Figures Amid Government Shutdown

Wall Street Hits New Record Levels Amid Tech Stock Gains

Wall Street Hits New Record Levels Amid Tech Stock Gains