The Stockholm Stock Exchange fell after US job figures.

The Stockholm stock exchange followed the global trend and turned downward after new job figures from the USA. The broad OMXS index closed at minus 1 percent.

» Published: January 10 2025

The Stockholm Stock Exchange fell after US job figures.
Photo: Fredrik Sandberg/TT

More new jobs were created in the USA than expected in December. The figure presented at 14:30 caused the Stockholm Stock Exchange to turn downward.

Medical technology company Getinge went against the trend and rose 1.6 percent on the OMXS30 index of the most traded shares. Game developer Evolution rose 0.5 percent and Handelsbanken 0.2 percent.

At the other end, cloud service company Sinch was down 6.8 percent, as well as heat pump manufacturer Nibe and real estate company SBB, which fell 5.4 and 3.7 percent, respectively.

The development is in line with the larger stock exchanges in the world. Even Frankfurt, London, and Paris were more or less down at the close in Stockholm.

On Wall Street in New York, the trading day began with more significant stock market falls.

The American labor market statistics strongly indicate that the central bank, the Federal Reserve (Fed), will delay further interest rate cuts.

The dollar also strengthened, with one dollar now costing 11.23 kronor compared to 11.15 kronor before the statistics.

In the morning, new preliminary GDP figures showed that the Swedish economy grew by 1.4 percent in November compared to October, which was unexpectedly strong.

Seen over the entire week, the Stockholm Stock Exchange fell 0.6 percent.

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By TTTranslated and adapted by Sweden Herald

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