Stock market continues to rise - Boliden drives gains

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Stock market continues to rise - Boliden drives gains
Photo: Pontus Lundahl/TT

The Stockholm stock exchange continues to rise. The OMXS index has risen 0.4 percent at 11 a.m. The mining group Boliden, which reported results, is one of the drivers.

The OMXS30 index, which tracks the most traded stocks, is rising to new record highs.

Boliden is helping, up 2.5 percent after an unexpectedly strong financial report. Industrial group Alfa Laval is bucking the trend, down 3.2 percent after its financial report.

Markets are up in Paris and Frankfurt, while the London Stock Exchange is hovering around the zero line. And there are signs of an uptick on Wall Street in futures trading.

Stock markets are turning higher on increased risk appetite after the Trump administration lowered tariffs on India from 50 percent to 18 percent on the condition that India stops buying Russian oil. Reduced geopolitical concerns about Iran are also contributing.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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