Ahead of the stock market opening, the property company Wihlborgs has kicked off the summer’s deluge of reports. Wihlborgs, whose share has risen by 3.5 percent since the turn of the year, reports an unexpectedly strong report with increased rental income and a reduced net debt in relation to operating profit.
The reporting season begins in earnest only on Friday when, among other things, the telecom manufacturer Ericsson and the crisis-hit real estate company SBB report results for the second quarter of the year.
Over the weekend, the rating institute Moody’s lowered the outlook for Handelsbanken’s credit rating, citing the bank’s exposure to the real estate sector.
Developments on leading Asian stock exchanges have been mixed during overnight trading following unexpectedly low inflation figures from China.
The krone has recovered somewhat after the historic lows against the euro at the end of last week. One euro costs SEK 11:88, which can be compared with SEK 11:94 per euro when it was at its worst last Friday.