Stockholm Stock Exchange Opens Lower as European Markets Continue to Fall

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Stockholm Stock Exchange Opens Lower as European Markets Continue to Fall
Photo: Pontus Lundahl/TT

Ahead of the stock market opening, automation group ABB and mobile operator Tele2 have published quarterly reports. ABB has also announced a major investment in a joint venture with Japan's Mitsubishi Electric.

ABB falls almost 4 percent, while Tele2 rises 0.2 percent.

Byggmax rises 7.6 percent after reporting its results.

Wall Street closed higher on Monday. But sentiment turned lower overnight in Asia, especially for technology stocks and companies linked to the AI sector.

The price of North Sea oil rises 0.2 percent to $109.80 per barrel, while the dollar falls to SEK 9.90.

The Stockholm Stock Exchange's OMXS index fell 0.8 percent on Monday, and its rise since the start of the year has narrowed to 7.3 percent as declines continued on Tuesday.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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