Among the heavier winners in the OMXS30 index, the major bank Swedbank rises by 2.8 percent after the announcement over the weekend that the US financial supervisory authority SEC has completed an investigation against the bank without action. Other authorities in the US are still investigating the bank.
The major bank Nordea is another winner, up 1.3 percent.
Industry going strong
Industrial shares are also going strong, with a rise for Atlas Copco and Sandvik by 1.8 and 1.7 percent respectively.
It has also been upwards during the night's trading on leading Asian exchanges. And it points weakly upwards in futures trading ahead of the opening of the stock exchanges on Wall Street this week.
The Stockholm stock exchange's OMX index ended last week with an increase of 0.8 percent and, if you count in Monday's price increase, has risen by 2.7 percent since the turn of the year.
It is turbulent on the currency market, where the Japanese yen is being pressed by political uncertainty in Japan since Prime Minister Shigeru Ishiba said he is resigning.
The dollar is being pressed in its turn by increased expectations that the US central bank Federal Reserve (Fed) will lower the interest rate in just over a week after yet another weak labor market report, which came on Friday. The dollar currently costs 9.37 kronor, the lowest rate since spring 2022.
New gold record
At the same time, the krona is at 11 kronor per euro, one of the strongest krona exchange rates since June. The euro has been pressed by interest rate worries ahead of a vote of confidence in the French parliament which is expected to bring down the country's government.
The gold price is rising and is at a new historic record with a peak of $3,624 per ounce (31.1 grams) in afternoon trading – in the wake of the weaker dollar.
The oil price is rising to $66.85 per barrel after the latest announcement about future production plans from Opec-plus, with Saudi Arabia and Russia.
