Sandvik CEO: US tariffs would affect us
No turnaround in sight yet. Above all, not in Europe, says industrial giant Sandvik's CEO Stefan Widing after presenting the annual report for 2024. And potential US tariffs can become a problem.
BusinessNo turnaround in sight yet. Above all, not in Europe, says industrial giant Sandvik's CEO Stefan Widing after presenting the annual report for 2024. And potential US tariffs can become a problem.
BusinessAfter Thursday's strong reports from, among others, Swedbank and Sandvik, the tones were positive on the Stockholm Stock Exchange. The broad OMXS index rose 1.2 percent.
BusinessThe stock market is expected to shake off concerns about the economy, inflation, tariffs, and wars. Professionals are counting on a dividend party ahead of this year's first reporting season. And the stock market year is looking significantly brighter than 2024.
BusinessIt shone red on the Stockholm Stock Exchange when Tuesday's trading closed. At the close, the broad OMXS index had fallen 0.5 percent.
BusinessThe industrial group Sandvik's profit fell more than expected. The business cycle and demand are worse than CEO Stefan Widing had counted on. We should not expect a quick turnaround, he says.
BusinessThe stock market and the crown were pressed down on Monday, while gold continued towards new historic record prices. The broad OMXS index closed at minus 0.9 percent with the industrial sector as a drag.
BusinessIt looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings. I fear that there will be more negative surprises than usual, says SEB strategist Esbjörn Lundevall.
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