Stock market: Defense group Saab falls the most

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Stock market: Defense group Saab falls the most
Photo: Johan Hallnäs/TT

The Stockholm Stock Exchange is slightly down in Tuesday trading. Saab falls over 5 percent on speculation that a peace settlement in Ukraine is moving closer.

Yesterday, the Stockholm Stock Exchange closed in the red, while the US stock exchanges ended slightly in the red. During overnight Asian trading, the leading indices continued to fall, with declines in Tokyo and Hong Kong around 1.5 percent.

At 12:30, the Stockholm Stock Exchange's broad OMXS index has fallen 0.4 percent, roughly the same trend as at the opening. Among the heavyweights on the OMXS30 list, the defense group Saab is falling the most, down just over 5 percent after reports that a possible peace settlement between Ukraine and Russia is closer than it has been in a long time. Other European defense stocks are also falling, such as Germany's Rheinmetall.

Futures trading on Wall Street is also down ahead of the opening later this afternoon.

The oil price has fallen further, to the lowest level since autumn 2021. A barrel of North Sea oil now costs below $60 this morning.

The krona weakens slightly and is trading at 9.31 against the dollar and 10.95 against the euro.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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