Stockholm Stock Exchange Reverses Early Losses to Close 1% Higher After US Midterm Elections
Photo: Christine Olsson/TT

Stockholm Stock Exchange set to open slightly higher as European futures rise

Reports that Nvidia CEO Jensen Huang could be fired are causing anxiety in Asian stock markets, particularly among technology stocks. But futures trading on IG Markets points to a slight rise on the Stockholm Stock Exchange, in line with futures on leading European exchanges.

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Stock market sentiment in Europe is being supported by falling oil prices as production in the Middle East increases and fighting in the region has not escalated as feared.

Nvidia shares plunged almost 9 percent in after-hours trading following reports of a board meeting at which CEO Huang's future was discussed after reports of several affairs, including one with a woman identified as a Chinese spy.

The Stockholm Stock Exchange's OMXS index rose 0.8 percent on Wednesday to a new all-time high and has risen 11.4 percent since the start of the year.

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