The upturn slowed down in the late afternoon trading, and the Stockholm Stock Exchange's broad OMXS-index closed with a plus of 0.5 percent.
Best among the most traded stocks in the OMXS30-index were the white goods manufacturer Electrolux and the cloud service company Sinch, up 3.1 and 3.0 percent, respectively. The biggest losers were the heat pump manufacturer Nibe, down 2.6 percent, and the forestry company SCA, which fell 2.3 percent.
The medical technology company Arjo – part of financier Carl Bennet's sphere – rose 3.2 percent after the company's CEO Joacim Lindoff was fired. He will be replaced by CFO Niclas Sjöswärd until a new CEO is recruited. Arjo presented a preliminary result for the fourth quarter in connection with the announcement.
Unexpectedly low prices
The market's risk appetite got an extra boost when the producer prices for December in the USA came in at lower levels than expected. This reduces the inflation concern and the upward pressure on the interest rate market.
The turnaround on the world's stock exchanges was already in place since media reports emerged that incoming President Donald Trump is considering a gradual introduction of new tariffs, with smaller increases month by month.
The upward trend was clear on most leading European and Asian stock exchanges. However, the Tokyo Stock Exchange was pressured by sharply rising market interest rates ahead of an expected interest rate hike by the Japanese central bank.
Strengthened krona
The US dollar turned downward for the first time in six trading days and cost 11.19 kronor at the close of the stock exchange. This can be compared to Monday's peak of 11.31 kronor.
The Stockholm Stock Exchange fell 0.7 percent on Monday after a decline of 1 percent on Friday last week – in a wave of rapidly rising long-term interest rates following unexpectedly strong job figures from the USA last week.
With Tuesday's rebound, the stock exchange's OMXS-index is up 0.2 percent since the turn of the year.
