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The stock market opens lower
The Stockholm Stock Exchange starts lower. After ten minutes of trading, the OMXS index has returned 1.1 percent, in line with major European exchanges and general exchange rates on Asian exchanges.
Down on the Stockholm Stock Exchange, in line with the outside world. Stock Photography
The decline is broad, with 28 out of 30 stocks on the OMXS30 index down.
The downward trend is the H&M clothing chain and the ABB workshop group, with a decrease of 1.4 and 1.1 percent respectively.
Heat pump maker Nibe reports an increase in earnings for the first quarter of the year and says it sees no major corona effect on the business. Participation has increased 4.5 percent.
Boozt’s share has dropped 0.9 percent since the online store reported a loss online with a first-quarter earnings warning.
The market is characterized by concern about new waves of coronavirus worldwide and takes the impression of the grim image of US Governor Jerome Powell that the United States is currently in the worst economic crisis since World War II, characterized by great uncertainty and great risk of further delay.
