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Swedes loose faith in the stock market. The market itself continues to fall


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Friday, 10 June 2011
The Swedes have become more pessimistic about the stock market. Less than half of shareholders now believe that the stock market will go up, which is down by almost 8 percentage points since April.

According to a survey of public opinion about the market carried out recently by a polling company Skop where some few thousand Swedes were contacted, there is growing pessimism in dealing with a stock market which gave many Swedes wealth last year and which they are looking at it to be more risky at the moment.

Sweden has a small domestic economy and a strong production capacity. They rely of external markets in the EU and the USA to help drive this production. If bad news continues to come from these markets, people will not be confident enough to stake their money in deals that might fail.

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This phenomenon started at the beginning of this year when many companies presented their annual reports. Some key issues in a majority of those reports immediately turned investors away.  Most of the big players reported that profit will be lower this year and that the rising commodity prices, higher energy costs as well as continued uncertainty in the EU and the Euro were forces that made cautious investors to become even more cautious.
 
Therefore with events in Greece, Ireland, Portugal as well as Spain, plus growing inflation, energy costs and weakening US economy, the Swedes are just looking at the stock market with reservations.  At the tine of this posting, 12:45 London time, the Stockholm Stock exchange was operating at a minus 4,2 percent for year up till now against others which are trading in positive territory.
By Scancomark.se Team


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