Nibe surges nearly 10% after profit boost on quiet Stockholm stock market

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Nibe surges nearly 10% after profit boost on quiet Stockholm stock market
Photo: Stina Stjernkvist/TT

A substantial boost in profitability in a quarterly report has sent Nibe shares up by almost 10 percent. Otherwise, there are generally fairly small movements among the heavyweights on the stock exchange.

US stock markets fell sharply on Thursday after market interest rates started to move up again. The effect of the US Treasury Department's interest-rate move was extremely short-lived. Concerns about the national debt, the policy rate, inflation and the conflict with Iran remain.

Friday's futures trading points slightly upward on Wall Street.

However, yesterday the Stockholm Stock Exchange managed to break a 10-11-day trend of slightly falling prices.

During the night, stock markets in Asia moved in different directions.

The rise in oil prices has slowed. A barrel of North Sea oil costs $93.40 this morning.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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