STOCKHOLM (AFX) - Shares are expected to open flat to marginally lower on caution ahead of the reopening of Wall Street after yesterday's US public holiday, brokers said.
Yesterday, the OMX Stockholm index closed up 0.42 pct at 314.46, while the OMX Stockholm 30 index slipped 0.17 pct to close at 971.17. Turnover was 12.51 bln skr.
PRESS HEADLINES
-Leading brokers call for automatic trade suspension on stock market in the event of a 10 pct drop (Dagens Nyheter)
-Ericsson hopeful of securing large slice of forthcoming 26 bln skr fixed line network order from Spain's Telefonica (Dagens Industri)
-Australian operator Telstra reported to be unhappy with Ericsson platform software purchased in 2004 (The Australian via Direkt newswire)
-Stockholm economic growth remains strong as Swedes flock to capital in search of work (Svenska Dagbladet)
-1,800 applicants scramble for 100 jobs at new IKEA store in northern Swedish-Finnish town of Haparanda-Tornea (Dagens Industri)
COMPANY NEWS
-Tele2 to cut 200 jobs at Versatel in Belgium and Netherlands in bid to save 8 mln eur a year - Direkt
-Skanska wins order worth 540 mln skr to construct school in Michigan US
-Sandvik completes acquisition of Australia's SDS Corp
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