Stockholm Stock Exchange Rebounds After Rate Drop

The Stockholm stock exchange appears to be ending the trading week on an upward trend following the rate drop on Thursday. The OMXS index is at around 1 pm at a plus of 0.4 percent.

» Published: May 23 2025 at 07:50

Stockholm Stock Exchange Rebounds After Rate Drop
Photo: Claudio Bresciani/TT

The upswing is broad, with 25 of 30 among the most traded stocks in the OMXS30 index on the plus side. The real estate company SBB and the mining group Boliden are performing best among the heavyweights, up by 2.4 and 2.0 percent, respectively.

On Thursday, the OMXS index fell by 2.2 percent, which erased the entire stock market upswing for the year and a little more. With the recovery on Friday, the OMXS index is now at minus 0.4 percent since the turn of the year.

Leading European stock exchanges are diverging at the same time, with small upswings in London and Frankfurt but downturns on the Paris stock exchange.

Wall Street closed Thursday's trading with the S&P500 index at an unchanged level. In futures trading ahead of the stock market opening, it is pointing slightly downwards.

Thursday was turbulent on the market since the interest rate on 30-year US government bonds rose to 5.15 percent, the highest level in almost 20 years. The interest rate shock took off since the Trump administration's budget with disputed tax cuts – which risks greatly increasing the US budget deficit and national debt – was approved by the House of Representatives.

In Friday's trading, the US 30-year interest rate has eased somewhat, to 5.04 percent – which is still an unusually high level historically.

The dollar, which took a hit in the turbulence on Thursday, has recovered somewhat and now costs 9.54 kronor. One euro goes for 10.83 kronor.

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By TTTranslated and adapted by Sweden Herald
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