Tuesday, July 19, 2016

Ericsson brakes stock market decline – Västerbotten Courier

Economy. Course lift for a range of reporting heavyweights, with Ericsson in the lead, brakes on a downward trend on the Stockholm Stock Exchange. After an hour of trading is OMXS index to a decline of 0.1 percent.

On the leading European stock markets are also negative trend, with a decline of the Frankfurt Stock Exchange at 0.9 percent.

Among the winners are telecoms manufacturer Ericsson, whose share will rise by 2.2 percent after an interim report in which it promised new austerity measures.

Truck manufacturer Volvo shares are also boosted by an interim report and highlights 0.8 percent.

another winner is the reporting lock manufacturer Assa Abloy, whose share raises of 0.4 percent.

mining group Boliden is also good, with a report related boost of 2.8 percent.

While lifting shares of the Stenbeck sphere of power companies Kinnevik 3.6 percent since the online fashion retailer Zalando, Kinnevik is a major owner, flagging for an unexpectedly strong result before an interim report in August.

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