Lower inflation in the US lifted the Stockholm stock market

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Lower inflation in the US lifted the Stockholm stock market
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange rose broadly on Thursday after new statistics showed that inflation in the US had decreased more than expected. The OMXS index rose 1.1 percent.

The inflation news is considered to increase the likelihood of further interest rate cuts in the US, and in Stockholm, 26 out of 30 shares in the heavyweight index OMXS30 closed in the red.

Many engineering companies were among the winners. Sandvik topped the OMXS30 with a rise of 3.8 percent. Atlas Copco. SKF and Alfa Laval all rose close to 2 percent.

At the other end, online casino company Evolution and hygiene company Essity fell 1.7 and 0.5 percent, respectively.

Outside the large company list, Hemnet fell almost 10 percent after the housing site was cut in a bank analysis.

On the foreign exchange market, the krona strengthened further; at the close of trading, one dollar cost 9.28 kronor and one euro 10.89 kronor.

Indices on the leading European stock exchanges in Frankfurt, London and Paris rose, albeit a little less than in Stockholm.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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