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H&M Tops Stockholm Stock Exchange

» Updated: 12 September 2024, 14:47

» Published: 12 September 2024

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

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 TTThis article has been altered and translated by Sweden Herald

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