Swedish stocks: Seen opening lower, Jefferies cuts H&M target price

SinterCast AB

22/08/2018 07:46

** Swedish shares seen opening lower on Wednesday in line with European
markets  
    ** Asian stocks inched higher on Wednesday, with sentiment boosted by Wall
Street's rise and a record intraday high for the S&P 500 index, but political
headlines in the U.S. and Australia and a retreat in Chinese markets darkened
the mood  urn:newsml:reuters.com:*:nL3N1VD2JY
    ** Jefferies cuts H&M  HMb.ST  target price to SEK 130 from SEK 140 vs
closing price of SEK 128.32 on Tuesday 
    ** Sintercast  SINT.ST  Q2 operating profit rises to SEK 11 mln  urn:newsml:reuters.com:*:nFWN1VC0OX
    ** Scandi Standard  SCST.ST  Q2 adjusted operating income up by 29 pct to
SEK 90 mln  urn:newsml:reuters.com:*:nFWN1VC0O8
    ** Essity  ESSITYa.ST  to recognize item of SEK -260 mln as result of
associate impairment  urn:newsml:reuters.com:*:nFWN1VC0FJ
    ** ABG raises Elekta  EKTAb.ST  target price to SEK 145 from SEK 135, vs
closing price of SEK 124.80 on Tuesday, newswire Direkt reports, referring to
Bloomberg 
            
 IG pre-market trading Stockholm OMXS30                     -0.3 pct
 Stoxx Europe 50 future                   STXEc1            -0.3 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.1 pct 
 S&P 500 close previous trading day       .SPX              +0.2 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    
    

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