H&M Tops Stockholm Stock Exchange

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H&M Tops Stockholm Stock Exchange
Photo: Anders Wiklund/TT

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The Stockholm Stock Exchange is rising on Thursday. The broad index is trading just before 3:00 pm at a plus of 1 percent. This is in line with leading stock exchanges in Europe.

This morning, new Swedish inflation figures were released from SCB, showing that the KPIF inflation rate fell more than expected, to 1.2 percent.

Rusta, which reported this morning, is rising by 7.3 percent.

H&M is topping the OMXS30 index with an increase of 2.8 percent. Telia is performing the worst, falling by 1.3 percent. Boliden, which reported a billion-kronor cost this morning due to delays at a smelter, is falling by 0.8 percent.

This afternoon, the ECB, as expected, lowered its key interest rate to 3.5 percent.

Terms on Wall Street are pointing slightly upwards.

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

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