Stockholm Stock Exchange Set to
Photo: Christine Olsson/TT

Stockholm Stock Exchange Set to Open Lower as Oil Prices Rise and Tech Shares Waver

Futures trading on IG Markets clearly points to a lower opening for the Stockholm Stock Exchange. The trend is similar in futures trading on major European exchanges and in overnight trading in Asia.

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Ahead of the stock market opening, interim reports have come in from a long list of major Swedish companies, including banks SEB and Swedbank, food retailer Axfood, tissue manufacturer Essity and mobile operator Telia.

Oil prices are rising after new attacks on oil tankers in the Strait of Hormuz and on Saudi Arabia. Appetite for tech stocks also appears to be waning after Wednesday night's reports from Facebook owner Meta and Elon Musk's electric carmaker Tesla.

The Stockholm Stock Exchange's OMXS index rose 0.2 percent on Wednesday, bringing its gains since the start of the year to 7.6 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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