Tough start to the stock market week
The Stockholm stock exchange's broad OMXS index began the trading week with a decline of 0.4 percent, weighed down by falling prices among others in heat pump manufacturer Nibe and fashion giant H&M.
BusinessThe Stockholm stock exchange's broad OMXS index began the trading week with a decline of 0.4 percent, weighed down by falling prices among others in heat pump manufacturer Nibe and fashion giant H&M.
BusinessHousing prices will clearly rise over the next two years. However, do not count on any price rally similar to the one during the pandemic. We expect an increase of around 4 percent over the next two years, says Handelsbanken's chief economist Christina Nyman.
BusinessGood, but too late, is the comment of trade union economist Tobias Brännemo on the Swedish Central Bank's interest rate decision. That such a large reduction is coming now is a clear sign that the Swedish Central Bank realizes that they lowered too little earlier.
BusinessWhen the Swedish Central Bank is expected to lower the interest rate this week, some banks have already gone ahead and adjusted their rates downwards – "a new grip" according to savings economist Christina Sahlberg at Compricer.
BusinessEverything points to the Swedish Central Bank making a double cut in the interest rate on Thursday. It would be the largest interest rate cut in over ten years. Many households are likely to expect thousand-kronor notes in lower costs.
BusinessThe major banks' profits are increasing despite the lower interest rates. When the profitability of mortgage loans is squeezed, the banks find other revenue streams. Overall, the profitability remains historically high.
BusinessIt was a course rally in the major banks on Wednesday after strong quarterly reports, but the Stockholm Stock Exchange as a whole rose very moderately. The broad OMXS closed at plus 0.1 percent.
BusinessHandelsbanken exceeds market expectations in its latest interim report. Both the profit and revenues were higher than expected.
BusinessThe Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.1 percent plus.
BusinessIt looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings. I fear that there will be more negative surprises than usual, says SEB strategist Esbjörn Lundevall.
BusinessThe Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.4 percent.
BusinessReports of fake Swish apps are emerging in several locations around the country. They are difficult to stop and it's easy to get deceived in stressful situations. Swish owner Getswish and the police are now making a strong effort to stop the spread in social media.
BusinessSome fear a trade war with China when the EU introduces permanent tariffs on Chinese electric cars. How great an impact it will have on the European car market is difficult to say at present, says an analyst. The number of Chinese electric cars to Europe is generally not enormous, says Hampus Engellau at Handelsbanken.
BusinessIt was small, and now it's back to zero again - the interest rate on major banks' salary accounts. Move your money, advises the central bank governor.
BusinessDespite today's expected interest rate cut and a continued low interest rate ahead – the calculations show that a fixed interest rate can be advantageous in the current situation. If you only look at the cost, it's not obviously wrong to perhaps choose a fixed rate for three, four, or five years, says SBAB's chief economist Robert Boije.
BusinessThe state-owned mortgage bank SBAB and Länsförsäkringar are lowering the interest rate on mortgages with a three-month term by 0.20 percentage points. The reductions come ahead of Wednesday's interest rate decision from the Swedish Central Bank.
BusinessNorthvolt has invested in several new factories at the same time. It may have become too much to handle, according to Hampus Engellau, automotive analyst at Handelsbanken. I think they wanted to kill three birds with one stone, he says.
BusinessDanske Bank is following up on last week's cuts from Handelsbanken and Nordea and is lowering the interest rate on mortgages with a three-month binding period by 0.20 percentage points. Danske Bank refers to "changed market rates".
BusinessSeveral banks are now anticipating the Swedish Central Bank's message next week and are lowering their interest rates.
BusinessMore in Handelsbanken
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