Sweden Herald - Latest Sweden News | Stock market continues to decline, Billerud plummets after weak interim report by Sweden Herald
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The Stockholm Stock Exchange kept sliding, with the OMXS index down about 0.6 % ten minutes into trading on Tuesday, while packaging firm Billerud plunged more than 13 % after a weaker‑than‑expected first‑quarter interim report. Other decliners included steelmaker SSAB (‑0.2 %) and lockmaker Assa Abloy (‑3.1 %), though mining group Boliden bucked the trend, rising 0.9 %. Brent crude approached $111 per barrel, and investors are awaiting upcoming interest‑rate decisions from the European Central Bank and the U.S. Federal Reserve, as well as a series of major tech earnings reports later in the week. The OMXS had fallen 0.8 % on Monday, leaving the year‑to‑date gain reduced to 2.1 %.
Read more: https://swedenherald.com/article/stockholm-stock-market-looks-set-to-open-slightly-higher
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