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Rising interest rates drag down Stockholm Stock Exchange as OMXS falls 1.1%
Business News

Rising interest rates drag down Stockholm Stock Exchange as OMXS falls 1.1%

The Stockholm Stock Exchange's broad OMXS index fell 1. 1 percent on Tuesday - in line with major stock exchanges around the world
Major Swedish and European banks to launch euro stablecoin this year
Business News

Major Swedish and European banks to launch euro stablecoin this year

The moment you sell your car or boat, the money is in your account. Major banks in Sweden and Europe will launch a digital currency later this year that will make lightning-fast transactions possible
Riksbank deputy sees likelihood of interest rate hike this year
Business News

Riksbank deputy sees likelihood of interest rate hike this year

Deputy Governor Göran Hjelm, one of five members of the Swedish Central Bank’s Executive Board, sees "a likelihood of an interest rate increase during the year," according to a press release from the Swedish Central Bank.
Interest rate forecasts split as banks disagree on next Riksbank hike
Business News

Interest rate forecasts split as banks disagree on next Riksbank hike

An interest rate hike is drawing closer, according to major banks Swedbank and SEB. However, interest rate forecasts are more divided than they have been in a long time
These banks offered the lowest variable mortgage rates in July
Business News

These banks offered the lowest variable mortgage rates in July

Skandiabanken offered the lowest variable mortgage rate to its customers in July. Among the major banks, Nordea's average variable rate was the highest
Mortgages are falling, but savings have become the banks’ new profit engine
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Mortgages are falling, but savings have become the banks’ new profit engine

The major banks are currently earning less on customers' mortgages. They are making that up with savings
Stockholm stock market slips 0.1%, Axfood slumps 14.9% after quarterly report
Business News

Stockholm stock market slips 0.1%, Axfood slumps 14.9% after quarterly report

The Stockholm Stock Exchange closed Wednesday down 0. 1 percent - despite falling oil prices and positive news from the US
Handelsbanken mortgage lending hit by sharp fall in net interest income
Business News

Handelsbanken mortgage lending hit by sharp fall in net interest income

Handelsbanken, one of the leading players in the Swedish mortgage market, is performing worse than expected. Net interest income - the bank's profit from the difference between deposit and lending rates - fell unexpectedly sharply
Norwegian bank DNB posts slightly better-than-expected second-quarter profit
Business News

Norwegian bank DNB posts slightly better-than-expected second-quarter profit

The major Norwegian bank DNB reports a profit before tax of 13. 0 billion Norwegian kroner for the second quarter
Strong reporting season expected as earnings flood begins next week
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Strong reporting season expected as earnings flood begins next week

The flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland
Poland’s Saab submarine deal to create thousands of jobs, company says
Business News

Poland’s Saab submarine deal to create thousands of jobs, company says

Poland has signed an agreement to buy three A26 submarines, the so-called Blekinge class, from Saab. The first is to be delivered in 2031
Handelsbanken lowers mortgage rates, cuts 3-month and 5-10 year rates by up to 0.14 percentage points
Business News

Handelsbanken lowers mortgage rates, cuts 3-month and 5-10 year rates by up to 0.14 percentage points

Handelsbanken is lowering the interest rate on longer-term mortgages, according to a press release.
Government replaces AP fund chairmen after Northvolt bankruptcy
Business News

Government replaces AP fund chairmen after Northvolt bankruptcy

Sharp criticism has been directed at the AP funds' investments in the battery company Northvolt. Now three of the funds will have new chairmen
Biggest boost to producer prices in Sweden since 2023
Business News

Biggest boost to producer prices in Sweden since 2023

The effects of the war in Iran are now starting to have an impact on the Swedish economy. Producer prices - what companies charge each other - are rising at the highest annual rate in just over four years
AP CEO changes jobs, goes to Handelsbanken Fonder AB
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AP CEO changes jobs, goes to Handelsbanken Fonder AB

Women outperform men on the stock market in the first quarter
Business News

Women outperform men on the stock market in the first quarter

Women's shares had significantly better price performance than men's during the first quarter, new statistics show.
Trump's new tariff threat hits Volvo Cars, leaving it uncomfortable
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Trump's new tariff threat hits Volvo Cars, leaving it uncomfortable

President Donald Trump's new tariff threat against the European car industry could hit Volvo Cars, which is already under pressure. The company could be a clear loser - if the announcement becomes reality, Handelsbanken automotive analyst Hampus Engellau warns
Handelsbanken lowers growth forecast for this year to 2.1 percent
Business News

Handelsbanken lowers growth forecast for this year to 2.1 percent

Handelsbanken's economists lower the growth forecast for this year to 2. 1 percent on a calendar-adjusted basis, down from 2
The Stockholm Stock Exchange fell, weighed on by the big banks
Business News

The Stockholm Stock Exchange fell, weighed on by the big banks

The Stockholm Stock Exchange fell on Thursday, with the broad OMXS index down 0. 3 percent
The stock market turned negative - ABB against the tide
Business News

The stock market turned negative - ABB against the tide

The Stockholm Stock Exchange moved lower on Wednesday afternoon and the broad OMXS index closed 0. 4 percent lower
Handelsbanken CEO wants more branches
Business News

Handelsbanken CEO wants more branches

Despite investments in technological development, Handelsbanken is sticking to its traditional branch strategy and has no major staff reductions in the pipeline. "I would be happy if there were more," says Handelsbanken CEO Michael Green, about the number of branches going forward, in connection with a quarterly report
Breaking the trend for mortgages - more people are fixing interest rates
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Breaking the trend for mortgages - more people are fixing interest rates

More Swedes are choosing to fix their mortgage interest rates in the wake of the war in Iran. A clear trend shift is visible among SBAB's customers
Stock market day in Stockholm: OMXS up 0.4 percent, BioArctic recovers somewhat
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Stock market day in Stockholm: OMXS up 0.4 percent, BioArctic recovers somewhat

The Stockholm Stock Exchange closed in the red. Pharmaceutical company BioArctic recovered somewhat after earlier losses
Full focus on the Iran war in flood of first-quarter reports
Business News

Full focus on the Iran war in flood of first-quarter reports

There is full focus on President Donald Trump and on how the war with Iran is unfolding ahead of listed companies' first-quarter reports. That is all the market is looking at
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