Tech stocks are plummeting in chaotic trading on exchanges around the world. The sell-off began on Wall Street on Thursday, where $2.5 trillion in market value went up in smoke as AI stocks plunged, dragging the entire Nasdaq down 5.5 percent.
TechnologyAfter the US election, stock markets around the world rose and oil prices fell. The Stockholm Stock Exchange’s OMXS index reversed course and closed 1 percent higher.
BusinessThe market expects the Swedish Central Bank to raise the key interest rate at least four times - perhaps five - over the next year. That is more increases than expected in any other major Western economy.
BusinessThe decision will be made on Tuesday. Donald Trump could then lose the midterm elections. A setback for the Republican president could lead to new threats of tariffs, analysts say. But it’s not certain that a Democratic victory in Congress would calm things down, says SEB chief economist Jens Magnusson.
BusinessAs expected, the US Federal Reserve opted to hold off on raising its key interest rate for now. There are strong indications that it will raise rates in December instead.
BusinessProducer price increases are now at their highest since the inflation shock of 2022–2023, according to recent figures from Statistics Sweden (SCB). Energy prices are pushing prices higher, says Amanda Sundström, an interest rate strategist at SEB. Like many analysts, she expects a series of interest rate hikes from the Swedish Central Bank.
BusinessFutures trading on IG Markets clearly points to a lower opening for the Stockholm Stock Exchange. The trend is similar in futures trading on major European exchanges and in overnight trading in Asia.
TechnologySEB's net interest income - the Wallenberg sphere's major bank earns income from the difference between deposit and lending rates - rose to SEK 10.9 billion in the third quarter of this year, according to an interim report.
BusinessMore in Skandinaviska Enskilda Banken
Page 1 of 17. Older stories are on the next page.
