After the Rollercoaster – Stock Market Closes on Minus

The Stockholm Stock Exchange continued to fluctuate in the wake of American statistics and new tariff games. At closing, the prices landed below zero.

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After the Rollercoaster – Stock Market Closes on Minus
Photo: Stina Stjernkvist/TT

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Thursday started on a minus, to then turn to plus at lunchtime before sliding down again to finally land on red. At the close, the broad OMXS index was down 0.3 percent in line with falling European stock exchanges and initial falls in the USA.

Among the losers in Stockholm, the defense group Saab stood out, falling 3.5 percent. Other losers were the truck manufacturer Volvo, down 2.2 percent, and the investment company Kinnevik, down 2.1 percent.

On the other hand, the pharmaceutical giant Astra Zeneca rose 3.2 percent. The medical technology company Getinge also rose 2.1 percent, and the heat pump company Nibe, up 2.3 percent.

In the morning, the retail chain Rusta released its quarterly report, and the stock fell 4.9 percent.

The tariff games from USA's President Donald Trump are following each other, which has caused the stock exchanges to fluctuate in recent days/weeks. New American inflation statistics have shown a slightly decreasing price increase rate.

The krona is losing value, although the decline slowed down during the day. One dollar costs 10.19 at the close, from being just below the ten-krona mark just the day before. The euro is quoted at 11.07.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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