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Swedish economy shrinks unexpectedly in first quarter, down 0.2%
Business News

Swedish economy shrinks unexpectedly in first quarter, down 0.2%

The Swedish economy shrank by 0. 2 percent in the first quarter from the previous quarter, according to Statistics Sweden (SCB)
Danske Bank lowers interest rate on three-month variable mortgages
Business News

Danske Bank lowers interest rate on three-month variable mortgages

Danske Bank is lowering the interest rate on mortgages with a three-month term by 0. 05 percentage points, the bank said in a press release
Nordea: Interest rate increases may come as early as this fall
Business News

Nordea: Interest rate increases may come as early as this fall

The Swedish Central Bank is leaving the key interest rate unchanged at 1. 75 percent this year
Nordea lowers one- and two-year mortgage rates by 0.10 and 0.15 percentage points
Business News

Nordea lowers one- and two-year mortgage rates by 0.10 and 0.15 percentage points

Nordea is lowering its mortgage interest rates for one- and two-year fixed periods by 0. 10 and 0
Riksbank leaves key interest rate unchanged as risk of higher inflation increases
Business NewsTop News

Riksbank leaves key interest rate unchanged as risk of higher inflation increases

The Swedish Central Bank leaves the key interest rate unchanged at 1. 75 percent
Nordea subsidiary reported to police over suspected Money Laundering Act violations
Business News

Nordea subsidiary reported to police over suspected Money Laundering Act violations

The Danish Financial Supervisory Authority has reported a subsidiary of major bank Nordea to police over suspected violations of the Money Laundering Act. Nordea denies the suspicions
Nordea does not expect interest rate hikes this year
Business News

Nordea does not expect interest rate hikes this year

The Swedish Central Bank is expected to leave the key interest rate unchanged until next year, despite the energy price shock and uncertainty surrounding the war in Iran, according to a mortgage-rate forecast by Nordea chief economist Annika Winsth. "However, it is wise to be humble and take into account both higher inflation and interest rates," she adds
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
Nordea posts first-quarter operating profit of just over SEK 17.2 billion
Business News

Nordea posts first-quarter operating profit of just over SEK 17.2 billion

Despite a decrease in net interest income, major bank Nordea beat market expectations with its interim report. Operating profit for the first quarter was the equivalent of just over SEK 17
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
Business News

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
Stockholm stock market closed in the green
Business News

Stockholm stock market closed in the green

The rise on the Stockholm Stock Exchange continued throughout the day, and at the close the OMXS index was up 1. 1 percent
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
Norway secures Swedish oil despite global chaos
Business News

Norway secures Swedish oil despite global chaos

In the midst of the global oil crisis, Sweden is doing relatively well thanks to its neighbor Norway. But both countries may need to cut their energy consumption, warns Nordea's chief analyst Thina Margrethe Saltvedt
Unexpectedly low inflation - a blow to the Swedish krona
Business NewsTop News

Unexpectedly low inflation - a blow to the Swedish krona

The krona is taking a real beating, and Swedish market interest rates are being pushed down after an unexpectedly low inflation figure for March. The Swedish Central Bank has plenty of room to wait, says Torbjörn Isaksson, chief analyst at Nordea, regarding the likelihood of interest-rate hikes due to inflation this year
More major banks are raising variable mortgage rates
Business News

More major banks are raising variable mortgage rates

The state-owned mortgage bank SBAB is raising mortgage interest rates by 0. 05 to 0
Mortgage Rates Rise - Should Have Locked In Last Week
Business News

Mortgage Rates Rise - Should Have Locked In Last Week

Bank mortgage rates continue to rise. Now it may be too late to lock in the interest rate - unless you have trouble sleeping
Major banks raise variable mortgage rates by 0.15 percentage points
Business News

Major banks raise variable mortgage rates by 0.15 percentage points

Several major banks have raised their variable mortgage rates by 0. 15 percentage points
Falling oil prices and rising Stockholm Stock Exchange
Business News

Falling oil prices and rising Stockholm Stock Exchange

The Stockholm Stock Exchange rose 1. 3 percent on Wednesday, while oil prices fell
War premium on mortgage interest rates - series of increases by major mortgage lenders
Business NewsTop News

War premium on mortgage interest rates - series of increases by major mortgage lenders

Nordea, SBAB, Swedbank, Danske Bank - a series of major mortgage lenders - have raised fixed mortgage rates in recent days. Experts describe this as a result of the war premium that banks have to pay on their mortgage bonds after the US and Israel attacked Iran on February 28
Major banks raise long-term mortgage rates
Business News

Major banks raise long-term mortgage rates

Swedbank, one of the largest lenders in the Swedish mortgage market, is raising interest rates on mortgages with terms of one to ten years. The increase comes after long-term market interest rates were pushed higher by the war in the Middle East
The Stockholm Stock Exchange rose, but the major banks fell
Business News

The Stockholm Stock Exchange rose, but the major banks fell

The Stockholm Stock Exchange's broad OMXS index closed Tuesday, up 0. 4 percent, after brisk trading
Big differences in bank fees - Danske Bank is the most expensive
Business News

Big differences in bank fees - Danske Bank is the most expensive

A review by the comparison service Zmarta/U Score shows that different banks charge their customers fees that differ by several hundred Swedish kronor.
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