The stock market is rising slightly

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The stock market is rising slightly
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange rises slightly in morning trading.

But trading is generally tentative with small movements. By 12:30, the broad OMXS index had risen by 0.2 percent, about the same as the larger European stock exchanges.

Among the heavyweights, clothing giant H&M is doing best, up 2.5 percent. At the other end, online casino company Evolution is down 2.8 percent. Outside the large company list, housing site Hemnet is falling 10 percent after a scathing bank analysis.

Yesterday, the Stockholm Stock Exchange fell, as did most of the major European exchanges. In the US, the falls were even greater yesterday evening, where several of the AI giants slid. Asian exchanges have also retreated overnight.

On Wall Street, futures trading indicates renewed optimism ahead of the opening later today.

Earlier this morning, the Riksbank announced that the interest rate would be left unchanged, as expected. There was no market reaction, the krona is trading at stable levels around 9.30 to the dollar, while the euro is quoted at 10.91.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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