In the world of finance, there was a general decline on Friday. The OMXH general index of the Helsinki Stock Exchange opened with a decrease of 0.6 percent, standing at around 10,281.7 points. Among the most traded shares, Fortum was down 1.9 percent and Nordea down 0.7 percent. Meanwhile, Wall Street experienced a similar decline after several weeks of strong growth, with the S&P 500 index ending with a decrease of 0.7 percent. Concerns about high interest rates persisted following strong economic data from the United States and hawkish comments from members of the Federal Reserve.
In Asian markets, stocks were also down on Friday, particularly in China where investors are concerned about escalating trade tensions between the US and China. However, despite these market fluctuations, there were some notable changes taking place in corporate management and entertainment news. For instance, Italian company Benetton’s founder Luciano Benetton is stepping away from corporate management in a dispute with his family over control of the company. Additionally, rapper Nicki Minaj was arrested and released at Schiphol for possession of soft drugs, leading to the cancellation of her concert in Manchester.
On a more positive note, food company HKScan announced that it had completed its name change to HKFoods on May 27th, 2024 with a new trading code on the Nasdaq Helsinki trading system set to be HKFOODS starting May 27th
