Swedish stocks: seen opening higher, Ericsson Q4 loss smaller than expected
25/01/2019 07:48
** Swedish shares seen opening higher on Friday, in line with European
stocks
** Asian stocks rallied to a seven-week high on Friday, buoyed by gains in
U.S. technology firms as pockets of strength in corporate earnings eased some of
the anxiety over a slowing global economy urn:newsml:reuters.com:*:nL3N1ZP2BL
** Mobile telecoms equipment company Ericsson ERICb.ST beat fourth-quarter
forecasts on Friday and said it was approaching its financial targets thanks to
growing demand for next-generation 5G gear urn:newsml:reuters.com:*:nL8N1ZP0PH
** Nordic telecom group Telia Company TELIA.ST reported fourth-quarter
core earnings below market expectations and said it expected the challenging
conditions in Sweden, its largest market, to continue urn:newsml:reuters.com:*:nFWN1ZO0YC
** Jefferies cuts target price on Swedish engineering company Autoliv
ALV.N ALIVsdb.ST to SEK 850 from 905 vs Thursday's close of 710.60
** Goldman Sachs lowers its recommendation for Castellum CAST.ST to "sell"
from "neutral" and reduces its target price to SEK 147 from 159, reports news
agency Direkt. The real estate group closed at SEK 167.65 on Thursday
** SEB Equities raises its recommendation on timber, pulp and paper
manufacturer SCA SCAb.ST to "retain" from "sell", according to news agency
Direkt
** Oresund ORES.ST Q4 operating loss widens to SEK 209.8 million
urn:newsml:reuters.com:*:nFWN1ZO118
** Atvexa ATVEXAb.ST Q1 revenue SEK 319 mln urn:newsml:reuters.com:*:nFWN1ZO0YQ
** Byggmax Group BMAX.ST Q4 EBITDA swings to profit of SEK 27.5 mln
urn:newsml:reuters.com:*:nFWN1ZO0YL
IG pre-market trading Stockholm OMXS30 +0.7 pct
Stoxx Europe 50 future STXEc1 +0.6 pct
MSCI index Asia Pacific ex Japan .MIAPJ0000PUS +0.6 pct
S&P 500 close previous trading day .SPX +0.1 pct
For European stock market report: .EU
For global market roundup. MKTS/GLOB
(RM: esha.vaish.thomsonreuters.com@reuters.net)