Stock markets rise as AI shares rebound on Wall Street after strong CoreWeave report
The Stockholm Stock Exchange continued to rise, in line with leading European and US markets. The broad OMXS index closed up 0.8 percent on Wednesday.
BusinessThe Stockholm Stock Exchange continued to rise, in line with leading European and US markets. The broad OMXS index closed up 0.8 percent on Wednesday.
BusinessThe market expects the Swedish Central Bank to raise the key interest rate at least four times - perhaps five - over the next year. That is more increases than expected in any other major Western economy.
BusinessThe stock market has turned downwards after several AI-linked companies failed to meet expectations. Tech giants have invested trillions in a short time, and investors now want to know whether it is worth it. “The big cloud of concern is the enormous investments American companies are currently making in data centers and AI,” says Maria Landeborn, a savings economist at Danske Bank.
TechnologyConsumer prices in the US rose by 0.5 percent in September compared with the previous month, according to the so-called PCE measure. This was the highest monthly increase in six months.
BusinessThe Stockholm Stock Exchange’s OMXS index closed 0.4 percent higher on Thursday, despite sharp falls in technology stocks on Wall Street.
TechnologyThe positive trend on Wall Street continues. At the close, all the leading indexes were higher.
BusinessAs expected, the US Federal Reserve opted to hold off on raising its key interest rate for now. There are strong indications that it will raise rates in December instead.
BusinessThe Bank of Canada is raising its key interest rate by 0.25 percentage points to 2.50 percent. The bank says the move is aimed at reducing the risk that high energy prices will spread to other goods and services.
BusinessMore in Federal Reserve
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