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Handelsbanken CEO Views Cautious Customers as a Positive Sign
Business News

Handelsbanken CEO Views Cautious Customers as a Positive Sign

The share in Handelsbanken is plummeting downwards in the initial stock market trading after the bank's report for the year's second quarter. Both the profit and the net interest income – what the bank earns on the difference between deposit and lending rates – were lower than expected
Volvo Cars Stock Rebounds on Stockholm Exchange Before Interim Report
Business News

Volvo Cars Stock Rebounds on Stockholm Exchange Before Interim Report

Despite Monday's large one-time write-down, Volvo Cars is rising on the Stockholm stock exchange ahead of Thursday's interim report. Looking ahead a bit, one can probably say that the conditions should be quite good, says Handelsbanken's automotive analyst Hampus Engellau
Swedes in Their 20s Consider AI for Investment Advice, Survey Finds
Business News

Swedes in Their 20s Consider AI for Investment Advice, Survey Finds

One of three Swedes in their twenties can imagine making investment decisions based on answers from AI, shows a survey from the Financial Supervisory Authority. But how good is the advice? We asked Chat GPT how we best invest 50,000 kronor
Stockholm Stock Exchange Rises Amid Conflicting Tariff News
Business News

Stockholm Stock Exchange Rises Amid Conflicting Tariff News

The Stockholm stock exchange rose on Tuesday, which was in line with leading European stock exchanges. The OMXS index had risen by 0,3 percent at closing in the uncertain situation after the past day's conflicting customs announcements from the Trump administration
Stockholm Stock Exchange Rises as OMXS Index Gains 0.6%
Business News

Stockholm Stock Exchange Rises as OMXS Index Gains 0.6%

The Stockholm stock exchange continued upwards on Thursday. The broad OMXS index closed at plus 0
New Mortgage Rules Aim to Enhance Interest Rate Negotiations
Business News

New Mortgage Rules Aim to Enhance Interest Rate Negotiations

Now banks must inform their customers at least one month before the interest rebate on mortgages expires. We hope that this will give mortgage customers an honest chance to be able to negotiate their mortgage interest rate, says Moa Langemark at the Financial Supervisory Authority
More Banks Reduce Variable Mortgage Rates After Central Bank Cut
Business News

More Banks Reduce Variable Mortgage Rates After Central Bank Cut

Major Banks Reduce Mortgage Interest Rates After Central Bank Cut
Business News

Major Banks Reduce Mortgage Interest Rates After Central Bank Cut

Lower Inflation in May Signals Possible June Interest Rate Cut
Business NewsTop News

Lower Inflation in May Signals Possible June Interest Rate Cut

Inflation was lower than expected in May. This speaks for an interest rate cut already in June rather than in the autumn, according to economists
Stockholm Stock Exchange Ends Week with Loss Amid Global Tariff Concerns
Business News

Stockholm Stock Exchange Ends Week with Loss Amid Global Tariff Concerns

The Stockholm Stock Exchange began the new week with falling prices. The trend is similar in the rest of the world after new American tariff games
Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood
Business News

Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood

Swedish economy shrinks unexpectedly during the year's first quarter, based on a second calculation by the Statistics Bureau (SCB). Today's figure has increased the probability of an interest rate cut, says Nordea's chief analyst Torbjörn Isaksson
Swish Payment Issue Resolved After Three-Hour Disruption
Business News

Swish Payment Issue Resolved After Three-Hour Disruption

Major Banks Differ on Swedish Interest Rate Cuts for 2023
Business News

Major Banks Differ on Swedish Interest Rate Cuts for 2023

There is great uncertainty surrounding the interest rate development during the year. Handelsbanken and Swedbank are counting on two cuts
Stockholm Stock Exchange Closes Slightly Up After Late Rally
Business News

Stockholm Stock Exchange Closes Slightly Up After Late Rally

The Stockholm stock exchange fell during most of Monday's transactions – but rose towards the end and at closing, the broad OMXS index landed at plus 0. 1 percent
Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent
Business News

Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent

The strong price increases have ebbed out after Monday's announcement about a pause in the trade war between China and the USA. The OMXS index, like leading European stock exchanges, closed near zero – The real estate company SBB rocketed 40 percent
Fake Online Purchases Worth Millions Blocked by Authorities and Banks
Sweden News

Fake Online Purchases Worth Millions Blocked by Authorities and Banks

The police, the Consumer Agency and the four major banks have together stopped thousands of purchases on fake online stores by starting to share information with each other. The collaboration, which took place at the end of the year, led to the total amount stopped being tens of millions of kronor higher than before
Trump Announces Plan to Lower US Drug Prices to Match Global Rates
Business News

Trump Announces Plan to Lower US Drug Prices to Match Global Rates

USA's President Donald Trump will sign a presidential order to lower drug prices for Americans, the President announced at a press conference at the White House. I hit harder at the other countries than the pharmaceutical companies
Gasoline Prices Hit Four-Year Low with Potential for Further Decline
Business NewsTop News

Gasoline Prices Hit Four-Year Low with Potential for Further Decline

The petrol price has fallen by almost nine kronor per liter since the price peaks in 2022 – to the lowest levels in four years. And the price can continue further down in the near term – but not much, believes the expert
Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge
Business News

Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge

Walpurgis Eve's shortened trading day ended with a clear increase for the Stockholm Stock Exchange. The worse it was then for the live casino company Evolution
Handelsbanken Surpasses Market Expectations with Strong Quarterly Profit
Business News

Handelsbanken Surpasses Market Expectations with Strong Quarterly Profit

Handelsbanken beats market expectations with its latest quarterly report. The operating profit for the latest quarter was over 8
Volvo Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts
Business NewsTop News

Volvo Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts

The car manufacturer Volvo Cars is to save billions. The company is now announcing major staff cuts
Few Clear Losers in Swedish Companies' Report Season So Far
Business News

Few Clear Losers in Swedish Companies' Report Season So Far

Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases
Experts Diverge on Future Swedish Interest Rate Changes
Business News

Experts Diverge on Future Swedish Interest Rate Changes

On the interest rate market, the actors assume two cuts in the Swedish Central Bank's benchmark rate this year. But among the major banks' forecasters, there is a significant spread when it comes to the benchmark rate right now
Major Swedish Banks See Profit Decline in 2024 Report
Business News

Major Swedish Banks See Profit Decline in 2024 Report

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