The stock exchange is sinking before Trump’s customs notice

After a few minutes of trade, the OMXS index has dropped 0.6 percent.

The decline is given extra weight from the fact that the shares in the big bank SEB and the ball bearing manufacturer SKF from today are traded without the right to dividend.

The online store Dustin reports a loss of SEK 2.5 billion for the period December-February after a large goodwill write-down and the Board has decided on a guaranteed new share issue of SEK 1.25 billion. The share is raging 22 percent.

Ventilation company Systemair Backs 1.6 percent after the announcement that CEO Roland Kasper is leaving his assignment after ten years at the post. Chairman of the Board Gerald Engström now wants to focus on growth and improved profitability and sees it as appropriate for a new CEO to take over.

During the night’s trade on leading Asia exchanges, the trend has been swaying, with declines in the closing trade in Hong Kong and Shanghai, while it points slightly upwards to the Tokyo Stock Exchange.

The stock exchanges on Wall Street ended Tuesday slightly upwards, but the market is characterized by great uncertainty for Wednesday’s customs notice from US President Donald Trump.

Also the Stockholm Stock Exchange on Tuesday rose by 1 percent – which set a point for four trading days in a row with falling courses. With Wednesday’s decline, the OMXS index is minus 0.6 percent since the turn of the year.

Wednesday has been renamed « Liberation Day » by Trump (liberation day). Trump has flagged for extensive tariffs against all countries that have, what he sees as, barriers to trade against the United States – on top of the tariffs that have already been introduced and announced since Trump’s access in January.

The new customs will be presented in the White House at 22 Swedish time tonight and according to the Trump government they will come into force immediately.