Economists see glimmers of hope on the labor market
Unemployment is stagnant, new figures show. And employment is increasing. Economists see glimmers of light on the labor market.
BusinessUnemployment is stagnant, new figures show. And employment is increasing. Economists see glimmers of light on the labor market.
BusinessThe acclaimed media venture EFN is being expanded. Handelsbanken's media company will publish a book magazine four times a year in collaboration with the publisher Volante.
EntertainmentSwedish banks' digital services with various forms of AI assistants are not a hit with customers. In this year's industry survey of the banking sector from the Swedish Quality Index (SKI), these solutions get a thumbs down.
BusinessThe Stockholm Stock Exchange rose on Friday for the second day in a row. An oil share stood out, while a profit warning lowered the IT retailer Dustin.
BusinessNordea and the state-owned Seventh AP Fund are the ones that have invested the most of the fund savers' money in the fossil industry. "Incredibly irresponsible", says Jakob König at Sweden's Consumers, who are behind the study. Nordea is fighting back. The definition of fossil companies is very misleading.
BusinessHandelsbanken raises its forecast for Swedish growth this year to 0.9 percent, up from previously 0.4 percent. Increased purchasing power for households, interest rate cuts, and an expansionary fiscal policy are driving the development, they believe.
BusinessAn overcapacity in the battery market means that the competition has intensified. But the fact that Northvolt is scaling down right now does not mean that the company is out of the game, according to automotive analyst Hampus Engellau.
BusinessTelia's massive cost-cutting package, where 3,000 employees will be laid off, can be positive for profitability, but also entail risks for revenue, according to analyst Joni Grönqvist. I don't think many would have believed that Telia dares to make such drastic decisions, he says.
BusinessThe Stockholm Stock Exchange began the month of September on a downward trend, and fell by 0.3 percent. Against the trend, however, were Telia and Tele2, both of which had a good trading day.
BusinessThe Stockholm Stock Exchange has begun the month of September downward. In afternoon trading at 2:40 pm, the broad OMXS index is down 0.4 percent.
BusinessThe gold price is at record levels – and since the millennium shift, gold has been a clearly better investment than the stock exchange. It is a real warning signal, warns commodity expert Torbjörn Iwarson, who says it indicates that something is fundamentally wrong.
BusinessInflation has fallen and more interest rate cuts are expected. But unemployment continues to be high. It's harder to get a job and much suggests that it will continue to be tough during the autumn, says Susanne Spector, chief analyst at Nordea.
BusinessMore banks are now lowering mortgage rates following the Swedish Central Bank's lowering of the repo rate. But the adjustments are modest. The banks will do everything to avoid lowering as much as the Swedish Central Bank in order to earn a little extra, says Christina Sahlberg, savings economist at the comparison site Compricer.
BusinessThe Swedish Central Bank's interest rate cut has been met with silence from leading mortgage banks. Neither Swedbank nor Handelsbanken – the two largest – have adjusted down mortgage interest rates. On the other hand, Swedbank was quick to lower the interest rate on savings accounts.
BusinessThe Mack's are lowering their fuel prices further. The diesel price is now the lowest in three years. It is low demand within the transport sector, primarily, says Christian Kopfer, commodity analyst at Handelsbanken.
BusinessThe last few days have seen several banks lower both variable and fixed mortgage rates. Further rate cuts are expected, believes Christina Sahlberg, savings economist at the comparison site Compricer.
BusinessThe Stockholm stock exchange recovered somewhat on Thursday afternoon following better-than-expected signals from the USA – and closed on a plus. The OMXS index rose 0.1 percent.
BusinessAfter a shaky start to the week, the Stockholm stock exchange rose on Wednesday. The OMXS index increased by 2.0 per cent.
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