Rising oil prices and market
Photo: Christine Olsson/TT

Rising oil prices and market rates send Stockholm Stock Exchange lower

Oil prices and market interest rates rose on Monday, causing the Stockholm Stock Exchange to fall. The broad OMXS index fell 0.3 percent on the first day of the trading week.

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Among the heavier losers in the blue-chip OMXS30 index is telecoms company Ericsson, down 2.7 percent. Online casino company Evolution and mining group Boliden also fell sharply, down 2.5 and 2.4 percent respectively.

Several major banks traded in the opposite direction, with SEB the top performer, up 0.9 percent.

Oil prices and market interest rates are rising after US President Donald Trump rejected a proposal from Iran on how to keep traffic moving through the Strait of Hormuz. At the close, a barrel of North Sea oil cost $107.7 and the yield on the US 10-year Treasury was 5.26 percent.

Leading stock exchanges in Europe traded slightly higher.

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