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Big decline on the Stockholm Stock Exchange and stock markets point down in anticipation of the US employment figures.

by newshub
10 March 2023
in Financial insights
247 7
Big decline on the Stockholm Stock Exchange and stock markets point down in anticipation of the US employment figures.

The Stockholm Stock Exchange opens in the red on the last trading day of the week. The broad OMXS index retreats 2.1 percent after a couple of minutes of trading.

All major companies are backing down, among those losing the least are Telia, Essity and Astra Zeneca. Kinnevik, Swedbank and Handelsbanken lose the most.

In Asia, there have been mostly negative numbers since the Bank of Japan left its policy rate unchanged.

The number everyone is waiting for today is the US employment numbers. A figure that will have a major impact on both the American and European economy.

If the labor market continues to be strong in the US, this could mean that the US central bank, the Fed, will continue to raise its key interest rate. Together with US inflation figures, due next week, it will have great significance for the economy.

Tags: AsiaDownEuropeStock exchangesUSUS employment figures
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