H&M Stock Surge Boosts Stockholm Market as Dollar Hits Three-Year Low

The Stockholm stock exchange rises with the clothing chain H&M as locomotive, while the dollar is circulating around a three-year low. The broad OMXS index has at 11:30 gone up 0.5 percent – in line with leading European stock exchanges.

» Published: June 26 2025 at 07:46

H&M Stock Surge Boosts Stockholm Market as Dollar Hits Three-Year Low
Photo: Claudio Bresciani/TT

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It also points slightly upwards in the futures trading on Wall Street.

Prior to the stock market opening, the clothing chain H&M has presented an interim report for the quarter that ended in May. On the stock market, it is a thumbs up, as improved margins suggest that the new CEO's action program is starting to have an impact. The share rises by 5.5 percent.

Among other heavyweights on the stock market, the defense group Saab rises by 2.9 percent.

The construction group Skanska goes up 1.1 percent after a new billion-order from the USA.

The dollar is being pushed downwards since the US President Donald Trump, according to The Wall Street Journal, is considering speeding up the designation of who he wants to see as the successor to Jerome Powell, the current head of the US central bank Federal Reserve (Fed). The statement comes after Powell, during two days of questioning in Congress, defended the Fed's decision not to lower the interest rate with the risk of inflation as a result of the Trump administration's tariffs.

One dollar was during night trading down at 9.43 kronor, the lowest dollar rate measured in kronor in three years. At 11:30, the rate was 9.44 kronor per dollar.

On Wednesday, the Stockholm stock market's OMXS-index fell by 0.2 percent. With Thursday's recovery, the decline since the turn of the year is 1.6 percent.

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By TTTranslated and adapted by Sweden Herald
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