Stock market continues to decline, Billerud plummets after weak interim report

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Stock market continues to decline, Billerud plummets after weak interim report
Photo: Claudio Bresciani/TT

Among the losers is the packaging company Billerud, which plummeted more than 13 percent after an unexpectedly weak interim report for the first quarter.

Among other reporting companies, steelmaker SSAB fell 0.2 percent and lockmaker Assa Abloy fell 3.1 percent. Mining group Boliden went against the trend, rising 0.9 percent after a report.

The oil price rose to almost $111 per barrel for North Sea oil (Brent).

The market is otherwise awaiting interest rate announcements from the ECB and the Fed, as well as a long series of major reports from the tech giants on Wall Street on Wednesday and Thursday, respectively.

On Monday, the OMXS index fell 0.8 percent. Since the turn of the year, the increase is now down to 2.1 percent.

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

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