Stock Market Rises After US Interest Rate Cut

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Stock Market Rises After US Interest Rate Cut
Photo: Johan Hallnäs / TT

The Stockholm stock exchange closed up 0.9 percent after the US central bank lowered the interest rate on Wednesday evening.

Billerud announced this morning a larger savings package where up to 650 employees will be laid off. The share fell by just over 1.4 percent.

On the large company list OMXS30, it went best for the engineering company Atlas Copco, up 4.1 percent and the venture capital company EQT with a plus of 3.8 percent.

It went worse for the forest company SCA and the tissue company Essity, down 1.9 and 1.6 percent respectively. The defense group Saab fell back by 1.5 percent.

The leading stock exchanges in Europe were also traded on the plus side at the close of the Stockholm stock exchange.

Last night, the US stock exchanges closed mixed after the US central bank, the Fed, as expected lowered the interest rate. During the initial trading, the leading indices on Wall Street pointed upwards.

A dollar costs 9.36 kronor and the euro costs 11.03 kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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