Stockholm Stock Exchange ends week slightly higher as oil eases

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.