STOCKHOLM (Dow Jones)--Sweden's equity and foreign exchange markets showed little reaction Monday to the weekend bombings in central Stockholm.
The explosions Saturday killed an apparent suicide bomber and wounded two other people.
"Despite that the event has no underlying economic significance, I thought front-runners would use it as an excuse for short-term speculation against the krona," Carl Hammer, chief forex strategist at SEB, told Dow Jones Newswires.
In early trading the Swedish krona weakened to 9.15 from 9.12 against the euro but at 0945 GMT the Swedish krona was back at 9.12 and at 6.90 against the dollar, in line with the levels Friday.
"I don't think one should make any hasty conclusions, but if anything, the fact that the krona has kept its value illustrates the apparent strength of the currency," Hammer said.
Equity markets were largely unaffected by the attacks. At 0945 GMT the OMX Stockholm 30 index of the 30 largest companies at the Stockholm stock exchange traded up 0.7%, in line with the FTSE 100 and higher than Germany's DAX 30.
-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com
Dover-English Channel PORT
