Stock market in the red - broad uptrend

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Stock market in the red - broad uptrend
Photo: Pontus Lundahl/TT

The stock exchange's large-cap index OMXS30 is posting broad gains. Engineering company Sandvik is up 3.2 percent.

Mining group Boliden announced this morning a SEK 1 billion investment in Garpenberg and Rönnskär. Its shares rose 1.4 percent. Telecom manufacturer Ericsson continues to lose ground, down 0.1 percent.

Leading European stock markets are also starting to rise.

The price of North Sea oil fell back slightly overnight. On Wednesday morning it was trading at just over $102 per barrel. U.S. WTI oil is also down, at just over $93 per barrel.

This evening, the U.S. Federal Reserve (Fed) will release its interest rate statement. The Fed is expected to leave its key interest rate unchanged.

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

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