Stockholm Stock Exchange Rises Amid Conflicting Tariff News

The Stockholm stock exchange rose on Tuesday, which was in line with leading European stock exchanges. The OMXS index had risen by 0,3 percent at closing in the uncertain situation after the past day's conflicting customs announcements from the Trump administration.

» Published: July 08 2025

Stockholm Stock Exchange Rises Amid Conflicting Tariff News
Photo: Tomas Oneborg/SvD/TT

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During large parts of Tuesday, the stock market was quite heavily down but gassed up properly late in the afternoon.

19 stocks out of 30 among the most traded OMXS30 companies came in on the plus side. The mining company Boliden performed the best, up 2.1 percent after an interim report.

The Stenbeck family's power company Kinnevik impressed even more with its interim report and rose 8.5 percent.

Among the decliners were the defense group Saab, down 2.6 percent, and the telecom operator Telia which fell 1.5 percent.

Lowered recommendation

Handelsbanken also performed weakly, down 1.3 percent, after analysts at Morgan Stanley lowered their recommendation.

At the close in Stockholm, the stock markets in Frankfurt, London, and Paris were all heavily up. On Wall Street in New York, Monday's declines have largely continued.

President Donald Trump has, after announcing heavily increased tariffs on 14 countries – including Japan, South Africa, and South Korea – opened up for a new round of tariff talks. On Asian stock markets, the negotiation invitation was interpreted positively.

Offering 10 percent

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

The krona continued to strengthen slightly after statistics on Monday showed a Swedish inflation boost, but fell back a few öre during the trading day. One dollar costs 9.55 kronor, while the euro costs 11.18 kronor.

Since the turn of the year, the Stockholm stock market – including Tuesday's increase – is up 1.1 percent.

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

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