Stockholm Stock Exchange Falls as Krona Strengthens Against Euro and Dollar

The Stockholm stock exchange began the trading week on a minus. The OMXS index fell 0.2 percent. The krona rose sharply against the euro and the dollar, after an unexpectedly high inflation figure for June.

» Published: July 07 2025

Stockholm Stock Exchange Falls as Krona Strengthens Against Euro and Dollar
Photo: Fredrik Sandberg/TT

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The mood on the market is generally characterized by great uncertainty about the Trump administration's tariffs, where decisive messages are expected about, among other things, tariffs on EU goods this week.

Real estate companies Wallenstam, Wihlborgs and Fabege fell 2.3-5.3 percent after they reported reports for the second quarter of the year.

Among the most traded stocks on the OMXS30 list, Wallenberg's venture capital company EQT performed best, up 1.5 percent, while the forest company SCA and the pharmaceutical company Astra Zeneca stood out the most in the other direction, minus 2 percent.

US President Donald Trump declared during the night that further punitive tariffs of 10 percent will be introduced against countries that support the Brics countries' "anti-American" policy.

The krona rose by just over ten öre against the euro to a rate of 11.15 kronor per euro after an unexpectedly high preliminary inflation figure for June from the Swedish Statistical Office (SCB). One dollar costs 9.50 kronor, also a strengthening.

High inflation can stop cuts in the Swedish Central Bank's interest rate, which the market has counted on this year, which strengthens the krona.

It also points downwards after the opening on Wall Street in New York, where the Tesla share is taking a beating after CEO and major owner Elon Musk said he is starting a new party in the USA.

At the close in Stockholm, the major European stock exchanges in Frankfurt and Paris were up, while London fell back.

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