Swedish stocks: Seen opening higher, DNB cuts Telia view

L E Lundbergforetagen AB (publ)

27/08/2018 07:49

** Swedish shares seen opening higher on Monday in line with European
markets 
    ** Asian shares rose on Monday, taking heart from comments by the Federal
Reserve chairman that drove Wall Street to record highs on Friday, and as a
tweak to the way China's central bank manages its currency boosted the yuan and
stocks  ID:nL3N1VI2HF  
    *** The resource estimate is raised for Norway's Johan Sverdrup oilfield,
where Lundin Petroleum  LUPE.ST  is one of the partners, while the cost of
development is cut  ID:nL8N1VF4KI  
    ** Lundin Petroleulm raises the resource estimate for its Rolvsnes discovery
in the Norwegian North Sea  ID:nASO00070H 
    ** DNB cuts Telia  TELIA.ST  to sell from hold and keeps target price at SEK
41, vs closing price of SEK 42.40 on Friday, newswire Direkt reports 
    ** Sparebank Markets lowers SAS  SAS.ST  recommendation to neutral from buy,
cuts target price to SEK 17 from SEK 28, vs closing price of SEK 17.33 on
Friday, according to Direkt 
    ** Mekonomen  MEKO.ST  decides on rights issue of around SEK 1.65 bln
related to the acquisition of FTZ and Inter-Team  ID:nWkr78R637 
    ** Business daily Dagens Industri gives a buy recommendation for Lundbergs
 LUNDb.ST , especially for a long-term portfolio 
        
 IG pre-market trading Stockholm OMXS30                     +0.4 pct
 Stoxx Europe 50 future                   STXEc1            +0.4 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +1.1 pct 
 S&P 500 close previous trading day       .SPX              +0.6 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    

 (RM:olof.swahnberg.thomsonreuters.com@reuters.net)