H&M at the Bottom of a Merry Stock Exchange

The Stockholm Stock Exchange's broad index rose 0.4 percent during Tuesday's trading. The development looked similar on the leading European stock exchanges.

» Published:

H&M at the Bottom of a Merry Stock Exchange
Photo: Jakob Åkersten Brodén/TT

Share this article

The recent geopolitical developments have caused defense stocks in Europe to rise. Saab, which surged 16.2 percent on Monday, was traded at a plus of 0.7 percent.

The OMXS30 index, comprising the 30 most traded stocks, rose 0.5 percent in turn.

The automation conglomerate ABB topped the OMXS30 index with an increase of 1.8 percent. H&M ended up at the bottom of the same index, with the stock falling 3.7 percent.

During the day, inflation figures for Sweden were released, showing that the CPIF inflation rate was 2.2 percent in January and 1.5 percent in December. The Swedish Central Bank's target is an inflation rate of 2 percent.

The CPIF measure, which excludes the effects of mortgage rates, is the measure that the Swedish Central Bank looks at primarily ahead of upcoming interest rate decisions.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Swedish Households Shift from Borrowing to Saving in New Ways

Swedish Households Shift from Borrowing to Saving in New Ways

German Investor Confidence Surges Unexpectedly in September

German Investor Confidence Surges Unexpectedly in September

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

Norway Forecasts Limited Interest Rate Cuts Amid Economic Growth

Stockholm Stock Exchange Opens with Slight Gains

Stockholm Stock Exchange Opens with Slight Gains

Gold Certificate Company Lists on Stockholm Stock Exchange

Gold Certificate Company Lists on Stockholm Stock Exchange

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Weakening Dollar: Key Considerations for Investors

Weakening Dollar: Key Considerations for Investors

Asian Stock Markets Rise Following Trump's Trade Talks Update

Asian Stock Markets Rise Following Trump's Trade Talks Update

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year