On Wall Street, the initial trading has already gone both up and down, after the futures market indicated a certain recovery – including a series of unexpectedly strong quarterly reports from major banks in the USA.
However, on the interest rate and currency market, anxiety is palpable. The dollar has fallen to its lowest level since 2022 – and costs only 9.90 kronor at the close of the stock exchange. This can be compared to 11.25 kronor per dollar in the days before Donald Trump's inauguration as President of the USA in January.
At the same time, American long-term interest rates are rising, which worries many analysts. The dollar and government bonds from the USA are usually seen as a safe haven in times of turmoil for investors, but that's not the case right now.
A recession in the USA and severe disruptions to global trade are feared as a consequence of the ongoing trade war between Washington and Beijing, which has introduced new tariffs on each other of 145 and 125 percent, respectively, in a short time.
Other crisis signals include new records for the gold price and downward pressure on the oil price.
The share price of measurement technology company Hexagon plummeted 9.7 percent after a profit warning. Engineering company Sandvik fell 1.2 percent and household appliance giant Electrolux lost 1.3 percent.
Among the winners were, among others, cloud service company Sinch, up 4.1 percent, and real estate company SBB, up 2.7 percent.
Reporting real estate company Atrium Ljungberg rose 0.3 percent, while competitor Platzer rose 3.5 percent.
The stock market downturn in Stockholm has been particularly pronounced since Trump's tariff shock on April 2.
