There have been a large number of interim reports for the second quarter ahead of Friday’s stock market opening. Among the reporting companies are the telecom manufacturer Erisson and the food giant Axfood.
The real estate companies Castellum, SBB and Wallenstam are three that put their cards on the table. Crisis-affected SBB also announced last Thursday evening that the company has entered into so-called declarations of intent with existing tenants to sell properties for over three billion kroner.
The construction group Peab has also reported results for the second quarter, as have the online broker Avanza and the hotel chain Scandic Hotels.
Added to that is the recent inflation figure for June from Statistics Sweden (SCB) for June, which came in unexpectedly high and may pressure the Riksbank to tighten with more interest rate increases.
The krone, which rose sharply against the dollar and the euro during the week, hovers around 11:47 per euro and 10:22 per dollar after the report.
Prior to the opening of the stock market, Ericsson’s competitor Nokia has also warned that sales and margins will be pressured more than expected in a lowered forecast for 2023.
This afternoon the reporting season in the US also kicks off in earnest too, with reports from major banks such as JP Morgan Chase & Co, Wells Fargo and Citigroup.