Stockholm Stock Exchange Sees Broad Gains as OMXS Index Rises 0.5%

The rise, which took more proper pace during the late afternoon, was broad and only three of the 30 most traded stocks on the OMXS30 list declined.

Best went the air heat pump manufacturer Nibe, plus 2.8 percent. Second landed the clothing giant H&M and third the mining company Boliden after rises of 1.7 and 1.6 percent respectively.

Worse went the tissue paper company Essity which fell 0.7 percent. Also the forest company SCA and the telecom company Telia faltered, with declines of 0.4 and 0.1 percent respectively.

During the afternoon, heavy inflation statistics from the USA were released which will be important for the American central bank's upcoming interest rate decision. It showed price increases of around 3 percent on an annual basis in July.

Three hours after the announcement, the three leading indexes on the New York stock exchange have all risen significantly.

At the close in Stockholm, there were different bids on the leading European exchanges. Frankfurt is declining while London and Paris have both risen.

The krona strengthened during the day. One dollar costs 9.54 kronor and one euro 11.15 kronor.