The market seems to have shaken off the hawkish tone in the US Federal Reserve's interest-rate announcement on Wednesday and instead has focused on the fact that the announcement strengthens confidence in the bank's inflation target.
Wall Street fell after the interest-rate announcement, in which a unanimous board, led by new Fed Chairman Kevin Warsh, raised the key interest rate by 0.25 percentage points and signalled that there will be another increase this year and perhaps another in 2027.
Volvo Cars – one of this year's stock market losers – has announced ahead of the Stockholm stock exchange opening that it will launch 13 new car models by the end of 2030 and aims to raise its profit margin to 8 percent.
On Wednesday, the OMXS index rose 0.9 percent. This represents an increase of 7.5 percent since the beginning of the year.
