Stockholm Exchange Falls Despite Low US Inflation

A slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell.

» Published: June 11 2025

Stockholm Exchange Falls Despite Low US Inflation
Photo: Claudio Bresciani/TT

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The Broad OMXS-index had at 15 o'clock on Wednesday – half an hour after the inflation figures from the US – gone down 0.1 percent. It continued downward and OMXS closed at minus 0.6 percent.

Among the most traded stocks in the OMXS30-index, the defense company Saab recovered with 3.9 percent. The clothing chain H&M, on the other hand, fell back 2.5 percent after competitor Inditex's interim report.

Scania's CEO Christian Levin said to Financial Times that the truck giant wants to form a consortium to buy out the bankrupt Northvolt's research and development facility in Västerås. Scania is part of the listed group Traton, which fell 0.8 percent.

The underlying inflation in the US was unchanged at 2.8 percent in May. Analysts had on average expected an increase to 2.9 percent.

The figures made the term contracts on Wall Street turn upward, and after two hours of trading, the three leading indexes had risen 0.2-0.4 percent.

On the large European stock exchanges, the development was mixed. The index in London rose while the Paris stock exchange fell slightly. The Frankfurt stock exchange closed largely unchanged.

On the foreign exchange market, the krona strengthened against the dollar, which cost 9.55 kronor at the close of trading. A euro cost 10.97 kronor.

On Tuesday, the Stockholm stock exchange closed at an unchanged level and with Wednesday's decline, the OMXS-index is up 0.1 percent this year.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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