The upturn in Stockholm was broad. Only 4 of the 30 most traded stocks on the OMXS30 index fell. The large-cap index rose 1 percent.
At the top is heat pump manufacturer Nibe, up 3.6 percent, ahead of mining giant Boliden and mining equipment manufacturer Epiroc, which rose 3 and 2.4 percent respectively.
At the other end, the defense group Saab is down 5.6 percent. Other defense companies are also falling around Europe in the wake of the ongoing peace negotiations in Switzerland regarding the war in Ukraine.
German defense giants Rheinmetall, Hensoldt and Renk also lost a lot of their market value – as did Italian Leonardo and British BAE Systems.
Of the major companies in Stockholm, forestry company SCA, tissue manufacturer Essity and telecommunications operator Telia also fell by between 0.1 and 0.5 percent.
Asian stock markets rose mainly. At the close in Stockholm, the major European stock exchanges in Frankfurt, London and Paris were also up. In New York, there is a buying spree and all three major indexes on Wall Street are rising.
