Stock Market Up - Interest Rates Fall

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Stock Market Up - Interest Rates Fall
Photo: Anders Wiklund/TT

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The Stockholm Stock Exchange started the week weakly on the plus side. At the close, the broad OMXS-index stood at a plus of 0.5 percent, roughly in line with the larger European stock exchanges.

Market interest rates have fallen, and the dollar has weakened in the wake of the appointment of Scott Bessent as President Trump's finance minister.

On the OMXS30 list, heat pump manufacturer Nibe rose the most, up 6.3 percent. Defense conglomerate Saab fell the most, down 3.1 percent, following reports of an impending ceasefire between Israel and Hezbollah.

The major banks also noted declines as the general interest rate trend pointed downwards. The appointment of Scott Bessent as finance minister is seen as indicating that he will take a softer line than Donald Trump on issues such as tariffs and significant tax cuts.

The yield on the American ten-year bond fell by over 0.1 percentage points.

The bitcoin exchange rate also fell back slightly, to around 96,000 dollars.

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

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