0745 GMT - Nordic markets are seen opening slightly higher, with IG calling the OMXS30 up 0.2% at around 2638. The market reactions after the weekend's tariff news were largely as expected, SEB analysts say in a note. The U.S. dollar strengthened, while trade-dependent currencies such as the euro and smaller currencies such as the Swedish krona initially took a beating. Stock markets in Europe closed about 1% lower after a late recovery. The 10% tariffs on China come into force Tuesday, but are interpreted as milder than previously feared, SEB says. China has this morning responded with its own tariffs on imports of energy raw materials, agricultural equipment and some cars from the U.S. OMXS30 closed at 2632.64, OMXN40 at 2541.08 and OBX at 1411.20. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 02:45 ET (07:45 GMT)
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