Shortly after 10 am, the broad OMXS index has risen by 0.9 percent. Among the winners are the mining company Boliden, up 1.7 percent, as well as several industrial giants ABB, Sandvik, Volvo, and Atlas Copco, all up by more than one percent.
Against the trend is the defense conglomerate Saab, which is losing 4 percent following unconfirmed media reports that the USA is planning to veto Saab's Gripen sale to Colombia.
In Europe, the combined Euro Stoxx 600 index is rising by 0.7 percent to a new record level.
Last night's Asian trade was mixed, down in Tokyo but significantly up in Hong Kong.
In the USA, the tech-heavy Nasdaq exchange fell last night, while it was more mixed on the others. Ahead of the opening on Wall Street later today, futures trading is indicating rising prices. This evening, data chip giant Nvidia will release its quarterly report, which is expected to have a significant impact on the US exchanges.
The krona is strengthening further, with one dollar now costing 10.61 kronor, while the euro is quoted at 11.14.
