The Stockholm Stock Exchange closed on Friday at minus 1.7 percent after several days of growth. The loss was largely due to the strong employment figures from the US, which contributed to increased concerns about tougher US interest rate hikes.
Now the Stockholm Stock Exchange opens at 0.9 percent up.
OMXS30 increases by 0.8 percent and all 30 companies there show a positive development. Property company SBB takes the lead with an increase of just over 2 percent, followed by Kinnevik at 1.8 percent.
In Asia, the stock markets turned upwards after a weak start. The heavy indexes in Tokyo and Shanghai closed at around 0.2 percent plus. The Shenzhen Composite Index fared even better, ending the day up 0.5 percent.
It is all the gloomier in Hong Kong. The Hang Seng index retreated 0.8 percent, weighed down by Softbank’s opening to possibly sell off its large stake in Chinese e-commerce giant Alibaba.
In terms of cryptocurrency, Bitcoin’s rally is continuing, and it is up 0.7 percent after a turbulent summer of big declines. One bitcoin is now traded for 23,445 dollars, equivalent to 238,843 kroner.