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Stockholm shares TFN at a glance outlook


Published :
Tue, 22 May 2007 07:59
By : Agencies
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STOCKHOLM (Thomson Financial) - Shares are expected to open slightly higher buoyed by overnight gains on the Nasdaq and broker upgrades, brokers said.

Yesterday, the OMX Stockholm index closed down 0.22 pct at 412.51, while the OMX Stockholm 30 index slipped 0.49 pct to close at 1,263.30.

PRESS HEADLINES

-Mediators give SAS and Swedish Salaried Employees' Union (HTF) until 9 am on May 23 to provide final offers for resolution of cabin crew dispute (Dagens Industri)

-SBB data shows stainless steel prices have fallen sharply across the whole of Europe since March, seen falling further in June (Dagens Industri)

COMPANY NEWS

-Alfa Laval wins 50 mln skr order from Tiense Suikerraffinaderij Groep for bioethanol plant in Belgium

-Parvus raises stake in Swedish Match to 9.4 pct of capital and votes

MARKET SENTIMENT

-Tele2 upgraded to 'overweight' from 'equal-weight' by Morgan Stanley

-Among Swedish shares traded in New York yesterday, Ericsson B closed 0.02 skr higher than in Stockholm, AstraZeneca 0.03 lower, Volvo B 0.48 higher, and Autoliv 1.43 higher.

-Nokia A closed 0.71 skr lower in New York compared with its Stockholm close.

TF.TFN-EuropeStockholm@thomson.com

sjr/sjr/jlw

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Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.




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