H&M at the Bottom of
Photo: Jakob Åkersten Brodén/TT

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.

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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.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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