Stock market closes higher after Trump's speech

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Stock market closes higher after Trump's speech
Photo: Tomas Oneborg/SvD/TT

The stock market took a beating while New York exchanges rose sharply last night after Donald Trump announced that the planned attacks on Iran had been called off.

Last night, local time in Sweden, Trump claimed that the United States had ended the war with Iran, according to CNN.

On the large-cap list, mining group Boliden finished at the top, up 3.7 percent, with telecom manufacturer Ericsson close behind at 3.5 percent.

In the opposite direction, the defense group Saab fell by 2.7 percent.

In the commodity market, the price of oil continued to fall. A barrel of North Sea oil cost around $87 at 5:30 p.m. On Thursday evening, before Trump announced that the attacks had been called off, a barrel cost around $93.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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