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Upswing on the Stockholm Stock Exchange persists

Today's rise on the Stockholm Stock Exchange is holding. At lunchtime, the OMXS index has risen 0.3 percent.

» Updated: Today, 12:53

» Published: Today, 09:17

Upswing on the Stockholm Stock Exchange persists
Photo: Johan Hallnäs / TT

The upswing goes against the development around Europe, where market development is negative. The gloomy situation comes after the Purchasing Managers' Index for the euro area in November showed the worst figure in the last ten months.

The euro is simultaneously losing value against the dollar, and the market's assessment is now that there is more than a 50 percent probability that the European Central Bank (ECB) will announce a double interest rate cut at the next interest rate decision to boost the economy.

On the Stockholm Stock Exchange, interest rate-sensitive companies such as Nibe and Sinch, both up around 2 percent, are also rising. The pharmaceutical company Astra Zeneca is also among the winners, with an increase of 1.9 percent. The company's share price has dipped recently due to an investigation in China regarding top executives.

In the opposite direction, the defense company Saab is falling 1.7 percent, the stock having risen in recent days in connection with the escalation of the Ukraine war.

On the Frankfurt Stock Exchange, the Dax index is down 0.1 percent, while the CAC40 index in Paris is down 0.3 percent.

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By TTThis article has been altered and translated by Sweden Herald

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