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The Stock Exchange Starts Upwards Ahead of New US Figures

The Stockholm stock exchange continues to rise after yesterday's boost. The OMXS index has risen 0.4 percent after about ten minutes of trading. The market is gearing up for heavy interim reports on Wall Street and a new inflation figure from the USA this afternoon.

» Published: 15 January 2025, 07:22

The Stock Exchange Starts Upwards Ahead of New US Figures
Photo: Joakim Ståhl/SvD/TT

Among the most traded stocks in the OMXS30 index, the real estate company SBB and Nibe Industrier, a manufacturer of climate control systems, are rising by 3.6 and 2.6 percent, respectively.

The H&M clothing chain's stock is also performing strongly, up 0.7 percent.

The heavyweight banks are also rising, with gains for Handelsbanken, SEB, and Swedbank of 0.5-0.6 percent.

It has been generally weak on leading Asian stock exchanges during overnight trading – with the exception of the Hong Kong exchange.

On Wall Street, trading closed on Tuesday with the S&P500 index up 0.1 percent, while Nasdaq ended down 0.2 percent.

Ahead of today's trading on Wall Street, an inflation figure for December from the US is expected, as well as quarterly reports from heavyweights in the US financial sector, such as major banks JP Morgan Chase & Co and Goldman Sachs.

The Stockholm stock exchange rose by 0.5 percent on Tuesday, thereby putting an end to the price falls following last week's unexpectedly strong job figures from the US, which pushed up long-term market interest rates and hit risk appetite on global stock exchanges.

Since the turn of the year, the Stockholm stock exchange, with Wednesday's rise, has risen by 0.6 percent.

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By TTThis article has been altered and translated by Sweden Herald

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