Stockholm Stock Market Opens Lower as Wall Street Futures Point to Rebound

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Stockholm Stock Market Opens Lower as Wall Street Futures Point to Rebound
Photo: Christine Olsson/TT

The biggest fallers among the heavily weighted stocks are engineering giant Atlas Copco and telecoms manufacturer Ericsson, down 1.7 and 1.4 percent, respectively.

However, futures trading on Wall Street points to a rebound after the sharp falls on Friday, when the tech-heavy Nasdaq fell 2.1 percent.

Oil prices are falling after hitting their highest level since the start of the Iran war late last week. North Sea oil (Brent) is down 2.4 percent to just over $107 per barrel.

A series of major earnings reports are expected this week, both on the Stockholm Stock Exchange and on Wall Street. Among other things, Tesla and Meta will publish fresh figures on Wednesday.

The Stockholm Stock Exchange’s OMXS index rose 1.1 percent on Friday and is up 8.4 percent since the start of the year.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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