Tuesday, June 2, 2015

Stock market turns down – Swedish Dagbladet

Shortly after noon the OMXS index dropped 0.5 percent to 538.0.

Nervousness surrounding the euro country Greece’s negotiations with creditors on reform requirements and payments of the emergency loan spreads. Without emergency loans risk Greece to soon forced to suspend payments, to impose capital controls and perhaps ultimately leave the euro.

Unexpectedly strong inflation figures from the euro zone was not enough to reverse the trend.

Among the index heavyweights on Stockholm Stock Exchange, attracts telecoms manufacturer Ericsson most downward with a price drop of 1.1 percent. The news of a seven-year contract with the State British media company BBC worth 3.2 billion did not help.

The share of the medical technology company Elekta, whose president was fired in May, plummeting by 7 percent after an interim report with sharp setback for both earnings, sales and orders.

Game company Betsson’s CEO leaves the company and chairman Pontus Lindwall will take over the role of CEO until a new manager has been recruited. Betsson share fall by 2.5 percent.

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