Stockholm Stock Exchange recovers to close higher as weak reports weigh on shares

Among the heavyweight stocks, engineering companies performed well. Sandvik and Epiroc rose 1.4 and 1.3 percent, respectively.

Handelsbanken and SKF fell after releasing their reports, dropping 3.0 and 1.3 percent, respectively.

Husqvarna, a garden equipment manufacturer, also reported and plunged 10.1 percent.

Global risk appetite has risen since Elon Musk’s AI and space company SpaceX reported unexpectedly strong results on Tuesday. Appetite for AI stocks is growing again, pointing to gains in early trading on Wall Street.

Electric carmaker Tesla and Facebook owner Meta will release their interim reports this evening.