Last night, the US stock exchanges closed mixed after the American central bank, the Fed, as expected lowered the interest rate. The question is how many more there will be, the signals yesterday were two more cuts this year.
In Asia and Europe, the stock exchanges are rising on the positive interest rate signals. In Stockholm, the broad OMXS index is up half a percent after a few minutes of trading. Among the winners are engineering companies such as Sandvik, Atlas Copco and ABB, up around 1-1.5 percent. At the other end, Saab is falling, down 1.5 percent.
Billerud announced this morning a major savings package where up to 650 employees will be laid off. The stock is falling by just over 2 percent.
Prior to the opening this afternoon, the futures trading on Wall Street is indicating rising prices.
The krona is trading at 9.31 against the dollar, while the euro costs 10.99 kronor.
