Swedish stocks: Seen opening higher, Ericsson Q1 tops forecast
20/04/2018 07:54
** Swedish shares seen opening higher on Friday
** Mobile equipment maker Ericsson ERICb.ST reported Q1 earnings and gross
margin above market expectations as cost savings from ongoing job cuts started
to kick in, fuelling hopes for an eventual recovery urn:newsml:reuters.com:*:nL8N1RX0P1
** Steelmaker SSAB SSABa.ST reported Q1 operating earnings below market
expectations due to production and transport capacity problems that it said were
resolved by the end of the quarter urn:newsml:reuters.com:*:nL8N1RX0P4
** Telecom operator Telia Company TELIA.ST posted a Q1 core profit
slightly above forecasts and set out plans for three years of share repurchases
urn:newsml:reuters.com:*:nL8N1RX0K0
** Packaging materials firm BillerudKorsnas BILL.ST Q1 EBITDA was below
the mean analyst forecast in a Reuters poll
** Nordea lifts its recommendation for ABB ABB.ST ABBN.S to buy from
hold, news agency Direkt reports
** Handelsbanken raises its view on Scandic Hotels SHOTE.ST to buy from
accumulate, according to Direkt
** Byggmax BMAX.ST and Qliro QLRO.ST , who both had warned on the first
quarter, reported widening quarterly operating losses
IG pre-market trading Stockholm OMXS30 +0.5 pct
Stoxx Europe 50 future STXEc1 -0.1 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: johannes.hellstrom.thomsonreuters.com@reuters.net)