Stockholm Stock Exchange Opens with Decline as European Markets Fall

The Stockholm stock exchange begins Wednesday's trading with a decline. After a few minutes of trading, the broad OMXS index is down 0,6 percent.

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Stockholm Stock Exchange Opens with Decline as European Markets Fall
Photo: Claudio Bresciani/TT

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Also, indexes on the leading stock exchanges in Europe are falling in the opening.

On the Stockholm stock exchange's large company list OMXS30, the defense group Saab is acting as a locomotive and is up 4.7 percent. Also going up is Tele2, plus 1.2 percent, and Telia which is up 0.9 percent.

The leading stock exchanges in Asia are cautiously up in the morning. Tokyo's Nikkei 225 index is climbing 0.2 percent and Hong Kong's Hang Seng index is up 1.9 percent.

After several days in a row with new record levels, the New York stock exchange's leading index fell yesterday. The broad S&P 500 lost 0.6 percent, the Dow Jones industrial index went down 0.2 percent and the technology-heavy Nasdaq composite index fell 1.0 percent.

Tuesday's gold rally, where an ounce of gold at most cost 3,789 dollars, has decreased somewhat and an ounce of gold costs 3,773 dollars on Wednesday morning.

A dollar costs 9.37 kronor on Wednesday and a euro costs 11.04 kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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