Economy. Stockholm Stock Exchange oscillate up and down around zero day before the British referendum on EU membership. H & amp; M share is acting sinker for an interim report.
OMXS index is at 13 o’clock gone up by 0.2 percent to 477.4.
Leading European exchanges are also on the plus , then the odds and opinion polls point to a victory for the campaign to Britain should stay in the EU looks set to win the vote.
Among the heavy losers on the Stockholm stock Exchange’s clothing giant H & amp; M, whose share falls 0.8 percent after an interim report. In connection with the report, which shows a sharp fall in profits for the quarter March to May, lowers the H & amp; M its forecast for investment to 12.5 to 13.0 billion this year. Previously, the prognosis billion higher.
The fall in profits and the weak sales trend explains H & amp; M with unfavorable weather, price pressure and negative currency effects.
Large Bank Nordea among the winners with a rate boost of 0.3 percent. Other index heavy stocks that draws up the telecommunications operator Telia and automation group ABB, which raise by 0.6 and 0.7 percent.
Stora Enso lifts 1.1 percent since the Helsinki District Court rejected a government claim on 159.4 million for infringement of competition from 1997 to 2005.