SSAB against the stream of acidic exchange – Vestmanlands County Newspaper

Today’s main figure, jobs data from the US, was roughly in line with expectations, but the stock markets pushed slightly further down afterwards. The dollar strengthened slightly.

On the Stockholm Stock Exchange OMX 30 index fell most of the big companies. Steel giant SSAB, the construction company Skanska and truck manufacturer Volvo was one of the exceptions and rose by 1.4, 1.1 and 0.8 percent.

According to a German newspaper Tata Steel has shown interest to buy into ThyssenKrupp, which pushed up steel shares across Europe.

Lundin Petroleum dropped the most on OMX30: -3.5 percent. Oil prices fell after new statements from Saudi Arabia further demonstrated that freezing the production becomes difficult.

Ball bearing giant SKF, which traded ex-dividend after Thursday’s meeting, declined by 3.4 percent. Tele2 has dropped 3.1 percent since SEB lowered its recommendation for the phone company.

Even the leading European stock markets dropped, London’s FTSE 100 index by 0.5 percent, the Paris CAC 40 index by 1.4 and Frankfurt’s DAX by 1.7 percent.