NIBE: Nibe and Beijer Ref fall after Trump victory - Di points to torn up climate package

Heating technology company Nibe and refrigeration wholesaler Beijer Ref are falling on the Stockholm Stock Exchange by 4.2 and 1.1 percent respectively in Wednesday's early trading. In a commentary, the business newspaper Dagens industri (Di) points out that Donald Trump's victory in the presidential election may mean that Joe Biden's climate package is torn up. The business magazine highlights that the IRA bill has meant tax reductions for various players. "The US is the small saver favorite Nibe's largest market in terms of sales and a large market for Beijer Ref. Expect price falls in both shares when the Stockholm Stock Exchange opens on Wednesday morning," Di wrote in a commentary this morning. Earlier, Nordnet also pointed out that Nibe could be negatively affected if Trump wins the election.