Institution: Nordic Stock Market Expected to Open Slightly Higher

date
07/11/2025
The Nordic market is expected to open slightly higher. IG predicts that the OMXS30 index will rise by 0.2%, to around 2,750 points. SEB Senior Economist Johan Javeus wrote that risk aversion in the US market on Thursday was under pressure due to high AI valuations and a weak labor market. The S&P 500 index fell by 1.1%, while the Nasdaq index dropped by 1.9%. The US government shutdown has now entered its 37th day, officially becoming the longest in US history, meaning that most macroeconomic data remains suspended. Tesla shareholders have overwhelmingly approved Elon Musk's controversial compensation plan, which could bring him $1 trillion in compensation over the next 10 years. Asian stock markets are lower, while European and US stock index futures are slightly higher. The OMXS30 index closed at 2,744.30 points, the OMXN40 index closed at 2,353.50 points, and the OBX index closed at 1,517.64 points.