Stockholm Stock Exchange opens with unseen dexterity


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Wednesday, 10 August 2011
The Stockholm Stock Exchange which has been limping in most part of the year opened on Wednesday morning in a positive territory, challenging Mondays and last weeks gloom.

Today’s Stockholm market behaviour comes after Asia had a strong night and morning trading in response to yesterday's US. Unlike the perception that the downgrade call for a flee from the USA market, instead US government bond vacuumed most resources from private stocks and equity towards itself as more people trusted the USA government that what Standard and Poor’s perceived as a political risk in the USA could lead to default.


The Stockholm OMXS index rose about 2 percent directly at the opening. Europe futures were also pointing upward before the trade could begin, and even the other leading stock exchanges opened with rising prices.

Tokyo Stock Exchange's Nikkei index closed up 1.3 percent and Hong Kong Stock Exchange listed its biggest gain in two years when it closed +3.6 percent. Of the Asian stock exchanges, only in Singapore those rates fell.

Stock markets in Asia followed the strong rise in New York after Federal Reserve chief Ben Bernanke indicated that policy rates will remain on the record low levels close to zero over the next two years.
By Team

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