Stockholm Stock Exchange Soars Following Extended US Tariff Pause
The Stockholm Stock Exchange rises 1.5% after Trump announces a pause on EU tariffs until July 9.
Key Points
- • Stockholm Stock Exchange opens up 1.5%
- • Major companies like Sinch and Hexagon lead on gains
- • Trump's tariff pause announcement eases market tensions
- • Mixed reactions from Asian markets noted
The Stockholm Stock Exchange experienced a strong opening on May 26, 2025, with the OMXS index rising by 1.5%, buoyed by U.S. President Donald Trump's announcement to extend the tariff pause on EU goods until July 9. This crucial decision alleviated worries of an escalating trade conflict that had previously prompted Trump to threaten 50% tariffs on EU imports starting June 1.
Major companies saw notable gains, with cloud service provider Sinch increasing by 2.4% and measurement technology firm Hexagon rising by 2.3%. This upbeat market reaction comes at a time when both the London and New York exchanges were closed for holiday, contributing to quieter overall trading in Stockholm.
The move from Trump not only positively affected market sentiment in Sweden but also echoed across the globe, as Asian markets reacted variably; the Tokyo Nikkei225 rose by 0.8%, while Hong Kong's Hang Seng index dipped by 1.3%. The current exchange rates reflected a stable environment, with 1 dollar valued at 9.48 SEK and 1 euro at 10.80 SEK. The positive momentum on the Stockholm Stock Exchange signals investor optimism amidst previously looming tensions over trade policies and tariffs.