Stockholm Stock Exchange Opens Slightly Down Amid Tariff Uncertainty

The Stockholm stock exchange begins with small price movements. After just over five minutes of trading, the OMXS index is at minus 0,1 percent. The continued uncertainty surrounding the Trump administration's tariffs characterizes the market.

» Published: July 08 2025 at 07:34

Stockholm Stock Exchange Opens Slightly Down Amid Tariff Uncertainty
Photo: Claudio Bresciani/TT

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Among the most traded stocks in the OMXS30 index, Boliden and Nibe Industrier are rising by 1.0 and 0.4 percent, respectively, while Handelsbanken and H&M are weighing down with declines of 1.6 and 0.67 percent, respectively.

President Donald Trump has, after announcing sharply increased tariffs on 14 countries – including Japan, South Africa, and South Korea – opened up for a new round of tariff talks. On Asian stock exchanges, the invitation to negotiate was interpreted positively, while Wall Street closed clearly downward after the tariff announcement on Monday.

According to the newspaper Politico, the Trump administration is said to have offered the EU general tariffs of 10 percent, but did not want to repeal the US's sectoral tariffs on cars and steel.

Early on Tuesday morning, Australia's central bank unexpectedly left its interest rate unchanged, citing that it wants to see more information showing how inflation is developing. Almost all analysts had expected a cut.

The Stenbeck sphere's power company Kinnevik's stock is rising by more than 4 percent after an interim report.

The Stockholm stock exchange fell by 0.2 percent on Monday and since the turn of the year, the OMX index is at a plus of 0.8 percent.

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