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The Stock Market Turns Upward

The Stockholm stock exchange turns upwards during morning trading. At lunchtime, the broad OMXS index is up 0.4 percent.

» Published: March 13 2025 at 07:26

The Stock Market Turns Upward
Photo: Stina Stjernkvist/TT

Even the larger European stock exchanges have crawled above zero, from having started on minus.

Among the winners, the pharmaceutical giant Astra Zeneca stands out, up 2.9 percent. The best performer among the heavyweights is the heat pump company Nibe, up 3 percent.

On the other hand, the defense conglomerate Saab is falling, down 4 percent. Other losers include the truck manufacturer Volvo, down nearly 2 percent.

This morning, the retail chain Rusta released its quarterly report, and the stock is falling 4 percent.

The tariff threats from US President Donald Trump are coming one after another, which has caused the stock exchanges to fluctuate in recent days/weeks.

Yesterday, there were brighter moods on Wall Street, among other things due to American inflation figures that were lower than expected, which calmed the financial markets somewhat. Ahead of today's opening, the futures market is indicating an opening around zero, a rebound from this morning's lower levels.

The krona is losing value, with one dollar now costing 10.17, from having been below the ten-krona mark just yesterday. The euro is quoted at 11.05.

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By TTThis article has been altered and translated by Sweden Herald

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