Stockholm stock exchange rebounds as oil prices dip

The Stockholm stock exchange opened higher on Friday morning, reversing recent losses, according to a report by Swedish public broadcaster SVT Nyheter. The OMXS index rose by 0.3 percent in early trading, with modest movements among major stocks.

Oil prices fell back to $96.50 per barrel, continuing a volatile trend in financial markets. A fragile ceasefire remains in place ahead of weekend peace talks between Iran and the US, while the Strait of Hormuz—through which roughly 20 percent of global oil and gas shipments pass—remains effectively closed.

Asian markets saw gains overnight, with Tokyo’s benchmark index closing 1.8 percent higher. US markets ended Thursday’s session in positive territory, and futures trading suggests minor fluctuations when Wall Street opens later today.