Stockholm stock exchange slump continues

After shedding 3.9. percent on Tuesday, the Stockholm stock exchange continued to drop sharply on Wednesday morning.

Five minutes after the start of trading, the OMXS index had slipped back a further 1.9 percent to 377.7 points, while the OMX Nordic index had fallen by 2.2 percent to 1,2213.8 points.

Tuesday’s drop on the OMXS index was the largest recorded for a single day since May of last year.

A similar trend also remained evident in the rest of Europe and Asia. The Tokyo stock exchange had already lost 3 percent of its value earlier on Wednesday morning.

In Shanghai however, where a 9 percent drop on Tuesday precipitated much of the current wobble, the stock exchange began to recover on Wednesday.


Stockholm Pride is a little different this year: here’s what you need to know 

This week marks the beginning of Pride festivities in the Swedish capital. The tickets sold out immediately, for the partly in-person, partly digital events. 

Pride parade 2019
There won't be a Pride parade like the one in 2019 on the streets of Stockholm this year. Photo: Stina Stjernkvist/TT

You might have noticed rainbow flags popping up on major buildings in Stockholm, and on buses and trams. Sweden has more Pride festivals per capita than any other country and is the largest Pride celebration in the Nordic region, but the Stockholm event is by far the biggest.  

The Pride Parade, which usually attracts around 50,000 participants in a normal year, will be broadcast digitally from Södra Teatern on August 7th on Stockholm Pride’s website and social media. The two-hour broadcast will be led by tenor and debater Rickard Söderberg.

The two major venues of the festival are Pride House, located this year at the Clarion Hotel Stockholm at Skanstull in Södermalm, and Pride Stage, which is at Södra Teatern near Slussen.

“We are super happy with the layout and think it feels good for us as an organisation to slowly return to normal. There are so many who have longed for it,” chairperson of Stockholm Pride, Vix Herjeryd, told the Dagens Nyheter newspaper.

Tickets are required for all indoor events at Södra Teatern to limit the number of people indoors according to pandemic restrictions. But the entire stage programme will also be streamed on a big screen open air on Mosebacketerassen, which doesn’t require a ticket.  

You can read more about this year’s Pride programme on the Stockholm Pride website (in Swedish).