Swedish stocks: Seen opening lower, Kinnevik to divest Millicom stake
04/06/2019 07:49
** Swedish shares seen opening lower on Tuesday, in line with European
stocks
** Asian shares fell on Tuesday, following a volatile Wall Street session as
weak economic indicators and an intensifying Sino-U.S. trade war inflamed
concerns about global growth, supporting safe-haven assets such as bonds
urn:newsml:reuters.com:*:nL8N23B085
** Swedish investment company Kinnevik AB KINVb.ST said it plans to divest
its shareholding in telecommunications and media company Millicom International
Cellular SA TIGOsdb.ST through a public offering and a distribution to
Kinnevik's shareholders. urn:newsml:reuters.com:*:nL8N23A6L0
** Volkswagen VOWG_p.DE said on Monday it would seek a dual listing of a
minority stake in its Traton trucks unit on the Frankfurt and Nasdaq Stockholm
exchanges, with an initial public offering (IPO) planned for completion before
the summer break. urn:newsml:reuters.com:*:nL8N23A5WW
** Nokia NOKIA.HE has attracted increased interest in its next-generation
telecoms equipment in recent weeks, helping it to move ahead of rivals Huawei
HWT.UL and Ericsson ERICb.ST in total 5G orders, one of the Finnish
company's directors said. urn:newsml:reuters.com:*:nL8N23A4XQ
** RBC initiates coverage on truckmaker AB Volvo VOLVb.ST with "sector
perform" rating, SEK 139 price target vs Monday's close of SEK 133.75
** Morgan Stanley raises target price on Elekta AB EKTAb.ST to SEK 98 from
SEK 90 vs Monday's close of SEK 128.25
** Danske Markets raises the recommendation for Swedbank SWEDa.ST , whose
stock has been hit by allegations of its involvement in a Baltic money
laundering scandal, to "buy" from "hold", according to news agency Direkt
** Kepler Cheuvreux raises the target price for metal-cutting tools and
mining gear maker Sandvik SAND.ST to SEK 202 from SEK 184, according to news
agency Direkt. The stock closed at SEK 146.65 on Monday.
** NCC NCCb.ST secures order of nearly SEK 1.4 bln urn:newsml:reuters.com:*:nFWN23A0SX
** Fastighets AB Balder BALDb.ST issues its first green bond for SEK 1 bln
urn:newsml:reuters.com:*:nASP0012GS
IG pre-market trading Stockholm OMXS30 -0.5 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 -0.3 pct
For European stock market report: .EU
For global market roundup. MKTS/GLOB
(RM: esha.vaish.thomsonreuters.com@reuters.net)