The increased tariffs against Canada are being postponed, announced President Donald Trump on Tuesday evening. This caused the US stock exchanges to turn upwards in late Tuesday trading, although the leading indexes ended on a minus.
The Stockholm stock exchange is rising as an effect of this. By lunchtime, the broad OMXS index has risen by 0.5 percent, a slight decline from the morning's higher level. Ahead of the opening on Wall Street, futures trading indicates rising indexes in the afternoon.
Among the winners are several industrial companies, Sandvik, Atlas Copco, and ABB are up around 1 percent. On the other hand, fashion giant H&M is down 4 percent. Outside the large-cap list, the retail chain Clas Ohlson is plummeting after its quarterly report, the price is down 7 percent.
The krona is weakening, with one dollar costing 10.08 at 12 pm and the euro noted at 10.99.
