Stockholm stock market falls after
Photo: Pontus Lundahl/TT

Stockholm stock market falls after oil prices rise

The Stockholm Stock Exchange ended lower after being in the red before lunch. The broad OMXS index fell 0.3 percent, while oil prices rose.

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On the stock exchange's large-cap index OMXS30, truck manufacturer AB Volvo is down 2.3 percent and heat pump manufacturer Nibe is down 2.9 percent.

Mining group Boliden announced a billion-dollar investment this morning, and the stock initially rose, but ended with a loss of 1.7 percent.

On the other hand, defense group Saab rose 1.5 percent.

The gloomy stock market situation was reflected on most of the leading European stock exchanges and in early trading on Wall Street.

The price of oil has taken another significant step upward in the wake of the US and Israel's war against Iran; a barrel of North Sea oil (Brent) costs just over $108 on Wednesday afternoon.

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