Global Stock Markets Rise Ahead of Expected US Rate Cut

A wave of stock market upswings sweeps across the world ahead of what is expected to be an interest rate cut in the USA next week. The Stockholm stock exchange follows with an upswing of 0.4 percent in the initial Friday trading.

» Published:

Global Stock Markets Rise Ahead of Expected US Rate Cut
Photo: Claudio Bresciani/TT

Share this article

Among the most traded shares in the OMXS30 index, the mining group Boliden rises by 1.9 percent and the Wallenberg sphere's venture capital company EQT by 1.4 percent.

Expectations that the US central bank Federal Reserve (Fed) will lower the interest rate next week were strengthened by Thursday's American inflation figures for August and received an extra boost from unexpectedly weak weekly figures from the US labor market.

The interest rates on American government bonds with a ten-year term are hovering at just over 4 percent – the lowest levels since the Trump administration's tariff shock in April.

Wall Street ended Thursday's trading with a significant step up and leading exchanges in Asia have taken over the baton during the night's trading and are rising across the board. On the Hong Kong Stock Exchange, Alibaba is rising by over 7 percent after announcements of new major AI investments.

The Stockholm Stock Exchange closed at a plus of 0.2 percent on Thursday and has risen by 3.2 percent since the turn of the year with Friday's increase.

The krona strengthened on Thursday and is hovering in early Friday trading at 9.31 kronor per dollar and 10.93 kronor per euro.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged

German Inflation Rises to 2.2 Percent in August

German Inflation Rises to 2.2 Percent in August

Insurance Guide: What to Know After Västernorrland Floods

Insurance Guide: What to Know After Västernorrland Floods

Asian Stock Markets Rise on Week's Last Trading Day

Asian Stock Markets Rise on Week's Last Trading Day

Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision

Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision

Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors

Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales