The Stockholm Stock Exchange continued to decline after last week's gains, with the clothing chain H&M as a drag. The European Central Bank's (ECB) lowering of the interest rate did not help – the broad OMXS index fell 0.6 percent.
BusinessThe European Central Bank can continue to lower the interest rate regardless of what the US central bank Federal Reserve does, according to François Villeroy de Galhau, France's central bank governor and member of the ECB's board of directors.
BusinessThe Stockholm Stock Exchange ended the week with an upward trend. At closing, the broad OMXS index had risen by 1 percent.
BusinessEurope both cheers and sighs over Donald Trump's election victory in the USA. The EU machinery is preparing itself for the consequences, with a focus on trade and the war in Ukraine.
ConflictsThe euro received a boost against the krona following an unexpectedly high preliminary inflation figure for October for the euro countries. The euro now costs around 11.61 kronor, the highest price level for the common currency since July.
BusinessThe major bank Nordea's share price surges significantly on the stock exchange following unexpectedly strong figures in the report for the third quarter. CEO Frank Vang-Jensen sees plenty of positive signals in Sweden – and the Nordic region. However, he is worried about the wars in Ukraine and the Middle East and the increased risk of trade conflicts in the surrounding world.
BusinessThe Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.1 percent plus.
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