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Euro Zone Growth Surges in July Driven by Service Sector
Germany is increasing the level of activity. And France is easing off the brakes.
Uncertainty Dominates Stock Market After Key Reporting Week
Summer's really heavy reporting week is completed. The professionals see a consistent theme: uncertainty.
Sweden's Price Base Amount Increase for 2025: Minimal Impact on Benefits
Pensioners and students can count on almost 100 kronor more in their wallet per month. This will be the effect of next year's increase in the price base amount, according to Swedbank's calculations.
SEB Becomes Sole Major Bank Investing in NATO-Based Nuclear Weapons
The Wallenberg sphere's major bank SEB opened up in June to invest venture capital in and lend to nuclear weapons manufacturers – if they are based in NATO countries. The other Swedish major banks have not followed suit.
Swedbank Profit Decline Beats Expectations Despite Economic Challenges
Both profit and net interest income fall. But major bank Swedbank – one of the largest in the Swedish mortgage market – is performing better than expected.
Stockholm Stock Exchange Falls 0.8% Amid Volatile Trading
The Stockholm stock exchange fluctuated up and down during Wednesday but in the end the broad OMXS-index closed at a minus of 0. 8 percent.
Trump Shifts Tactics with 100% Tariff Threat Against Russia
The threat of 100-percent tariffs against Russia is a sign that Donald Trump has changed tactics – from economic carrot to stick, according to Robert Bergqvist, senior economist at SEB. .
Stockholm Stock Exchange Gains Favor Amid Uncertainty, Says Swedbank Strategist
Uncertainty has characterized the first half of the year on the stock exchange. Do not count on more clarity when the reporting season begins.
Service Sector Growth Surges in June with PMI Reaching 54.6
Purchasing Managers' Index for the service sector rose in June to 54. 6 according to Swedbank and Silf.
Swedish Industry Growth Slows in June
The temperature in the Swedish industry fell last month, shows the purchasing managers' index for June. The index fell from revised 53.
Swedbank Acquires Digital Mortgage Lender Stabelo
Swedbank is buying the mortgage institute Stabelo. The intention is to "reach more customers on the mortgage market", according to a press release from the major bank.
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.
German Economy Shows Signs of Recovery as Index Rises in June
The mood in the German economy is recovering, shows a purchasing managers' index for June. Three years of German recession may be over.
More Banks Reduce Variable Mortgage Rates After Central Bank Cut
Danske Bank and Länsförsäkringar are next to lower the variable mortgage rate by 0. 25 percentage points after the Swedish Central Bank's interest rate cut yesterday.
Major Banks Reduce Mortgage Interest Rates After Central Bank Cut
After today's interest rate cut from the Swedish Central Banken, Swedbank, Nordea and Handelsbanken announce that they are lowering their mortgage interest rates. The banks are lowering the list rate on the variable mortgage by 0,25 percentage points from Thursday.
Supreme Court Grants New Trial for Former Swedbank CEO Bonnesen
The Supreme Court grants leave to appeal to the former Swedbank CEO: Birgitte Bonnesen, who was convicted last year for gross fraud. It is a hugely pleasing message for us, now we have in practice gotten rid of this verdict from the Court of Appeal, says Bonnesen's lawyer Per E Samuelson.
Food Prices Stabilize, Paving Way for Potential Interest Rate Cut
Food prices including alcohol-free drinks rose by a mere 0. 2 percent in May, compared to April.
Swish Payment Disruption Resolved After Two-Hour Outage
The problem that stopped payments with Swish has been resolved, the company announces. The problem lasted for nearly two hours.
Service Sector Index Rises in May, Exceeds Expectations
The service sector got a little extra boost in May, shows new index. .
Inflation Data Key to Central Bank's Interest Rate Decision
An interest rate cut before the summer or wait until the autumn? Tomorrow, the last piece of the puzzle will be presented to the Central Bank in the form of new inflation figures. .
Lower Price Pressure Signals Potential Interest Rate Cut
The temperature in the Swedish industry is still good, but loses some of the pace, shows the purchasing managers' index for May. .
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
The problem that stopped Swish payments has been solved, the company announces on its website. It lasted for nearly three hours.
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.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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