Stock market down despite strong
Photo: Jonas Ekströmer/TT

Stock market down despite strong US jobs figures

The Stockholm Stock Exchange closed in the red despite a delayed report showing that the US created twice as many new jobs in January as expected. At the close, the OMXS index was down 0.3 percent.

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Pharmaceutical company AstraZeneca and forestry group SCA were among the winners on the OMXS30, up 3.4 and 3.2 percent, respectively.

The helmet technology company Mips fell sharply, down 5.6 percent. The audiobook company and publisher Storytel was down about 1 percent after its financial results for 2025.

Other European stock exchanges were also mostly slightly lower after Wednesday's trading.

The Nonfarm Payrolls report for January showed that 130,000 new jobs were created outside the agricultural sector in the US, compared with an expected 65,000.

The dollar rose five cents after the report, and in fixed-income market pricing the timing of a reduction in the US policy rate was pushed to July from June.

The OMXS index is up 4.9 percent since the turn of the year.

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