Stock market rebounds ahead of Fed rate decision, OMXS rises 0.9%

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Stock market rebounds ahead of Fed rate decision, OMXS rises 0.9%
Photo: Christine Olsson/TT

Among Stockholm stocks, gains were broad-based. The defense group Saab rose the most among the OMXS30 stocks, up 2.3 percent.

The worst performer was clothing giant H&M, which fell 0.3 percent.

In the fixed income market - where pricing gives a slightly higher than 90 percent probability of a hike in the US policy rate tonight - long-term interest rates are trending slightly downward.

However, long-term interest rates had been pushed up to their highest levels since the financial crisis in large parts of the Western world before Wednesday - which has dampened risk appetite globally.

The leading European stock exchanges also rose, but not as much as Stockholm.

The price of North Sea oil (Brent) is falling to around $105 per barrel.

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

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