Stock market set to end the week higher ahead of Warsh’s Jackson Hole speech

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Stock market set to end the week higher ahead of Warsh’s Jackson Hole speech
Photo: Christine Olsson/TT

The market is eagerly awaiting Fed Chairman Kevin Warsh's speech at the annual Jackson Hole Symposium this afternoon.

The krona is down one penny against the dollar, to 9.53 kronor - which can be compared with the annual low of 9.76 kronor per dollar at the end of July.

Market interest rates in the US have risen to unusually high levels, pushing up interest rates globally ahead of Warsh's speech. Inflation concerns and large budget deficits in the US are behind the move.

Credit management company Intrum has reported an unexpectedly large drop in profits for the second quarter ahead of the stock market opening.

The Stockholm Stock Exchange's OMXS index rose 0.1 percent on Thursday and has risen 10.1 percent since the turn of the year.

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

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