Substantial climb in the stock
Photo: Fredrik Sandberg/TT

Substantial climb in the stock market - the krona is being pushed down

The Stockholm Stock Exchange rose, led by heat pump manufacturer Nibe. At the close on Wednesday, the broad OMXS index rose 1 percent. At the same time, the Swedish krona was under pressure.

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Nibe ended the day up 5.5 percent, while forestry companies Stora Enso and SCA rose 7.1 and 4.7 percent, respectively.

Machinery manufacturer Husqvarna fell 7.3 percent after a report.

The worst performer among the most traded shares was the defense group Saab, down 4.3 percent.

At the close in Stockholm, Frankfurt, London and Paris were in the red.

In New York, two of the three major indexes fell after unexpectedly weak jobs figures for January were released.

Deputy Governor of the Swedish Central Bank, Per Jansson, spoke of a possible interest rate cut in March, and the krona fell. One dollar now costs 9.00 kronor while the euro is trading at 10.62 kronor.

Corrected: Wrong day in the caption.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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