Stockholm Stock Exchange ends week slightly higher as oil eases

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Stockholm Stock Exchange ends week slightly higher as oil eases
Photo: Ariana Cubillos/AP/TT

At the close, the broad OMXS index had risen 0.2 percent.

Engineering company SKF ended the day at the top, up 2 percent, followed by telecoms giant Ericsson, which gained 1.5 percent.

Even in Europe, the mood was relatively cheerful - the stock exchanges in London, Paris and Frankfurt all ended higher.

The price of oil rose further on Thursday evening to $108 per barrel of North Sea oil, but the price fell back on Friday and was at just over $104 per barrel at 5:30 p.m.

US inflation in August was unchanged at 3.4 percent, as expected. Analysts are now increasingly expecting a US interest rate hike next week.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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