The Stockholm Stock Exchange is expected to open in positive territory on Thursday.

Euro Stoxx 50 futures are up 0.37 percent, while FTSE 100 futures are down 0.14 percent and DAX futures have gained 0.33 percent.

U.S. S&P 500 futures are trading 0.23 percent higher.

The earnings season is gaining momentum as several companies released their interim reports this morning.

Investment firm Kinnevik saw its net asset value (NAV) decrease by 22 percent (24 percent in constant currencies) during the first quarter. NAV stood at 100.75 SEK at the end of the period, compared to 129.51 SEK at the end of the previous quarter and 130.59 SEK at the end of the same period last year.

Logistics real estate company SLP reported profit from property management of 174 million SEK (134), representing a 29.9 percent increase year-on-year.

Real estate firm Sagax has established new financial targets for 2026-2030, aiming for a return on equity of at least 12 percent per year and an increase in profit from property management per share of 5-10 percent per year. These replace the 2013 targets of at least 15 percent for both metrics. Over the past five years, the average return has been 14 percent, while earnings per share have grown by 15 percent annually. The dividend policy remains unchanged.

Technology company Sivers Semiconductors has approved a directed share issue to raise approximately 125 million SEK before transaction costs. In conjunction with this, the company also stated it is evaluating a dual listing of its shares in the United States.

Several analyst rating changes were noted this morning.

Handelsbanken upgrades Dustin to Buy from Hold, raising the target price to 2.5 SEK from 1.95 SEK.

Nordea upgrades Castellum to Buy from Hold with a target price of 140 SEK.

Nordea upgrades Wallenstam to Hold from Sell.

Nordea downgrades Sveafastigheter to Hold from Buy.

Kepler Cheuvreux downgrades Gränges to Hold from Buy.

For the telecom duo Telia and Tele2, both ABG Sundal Collier and Kepler Cheuvreux have lowered their recommendations. ABG downgrades Telia to Sell from Hold, while Kepler moves to Hold from Buy. Tele2 is downgraded to Hold from Buy by both ABG and Kepler.