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Equity speculators were pleased, on the one hand, that coronary restrictions in various business operations were eased in many parts of the world, and on the other, reports that the spread of the infection had increased again in some countries.
Most of the companies on the Standard & Poor’s 500 list have now reported their results for the first quarter of the year. 67.5 percent of them showed better numbers than expected, but overall companies’ profits have declined by just over 12 percent compared to the corresponding period last year.
The Dow Jones Industrial Index fell 0.5 percent, while the Nasdaq Composite Index rose 0.8 percent and the S&P 500 closed unchanged.
Stockholm Stock Exchange It started on the first day of the trading week, but only after a few hours of trading did it decline, with H&M as one of the casualties. The OMXS index returned 0.4 percent.
Signs of a second wave of corona infection in countries such as South Korea and Germany spread concerns in the markets.
The worst company listed in OMXS30 was the security company Securitas, which fell 3.6 percent. Other heavyweights backing were steel giant SSAB and truck maker Volvo, which backed 3.5 and 2.0 percent, respectively.
The stake in the high-index clothing chain Hennes & Mauritz was squeezed by a sales recommendation by analysts at the largest US bank Goldman Sachs. The stock lost 1.3 percent.
Ericsson’s shares declined The stock market declined slightly with a 0.1 percent increase. The telecoms maker raised its forecast for 5G subscriptions in 2025 by 8 percent to SEK 2.8 billion.
Ica sales increased 5.6 percent at comparable stores in April. Participation rose 1.2 percent.
Haldex withdrew SEK 157 million in a direct share issue and reached an agreement with lenders on the extended maturities of the loans. The vehicle component manufacturer’s share rose 8.0 percent.
Leadership developments Asian exchanges mixed overnight, and two of the major European exchanges fell on Monday: the CAC40 index in Paris and the DAX index in Frankfurt fell 1.3 and 0.7 percent respectively. London’s FTSE100 index rose 0.1 percent.
The market rejected that closed economies worldwide are now gradually opening up. But at the same time, a concern was spreading over signs that the spread of covid-19 is increasing again in countries like South Korea and Germany.
