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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.
Swedbank Fined 12.5 Million Kronor by FI for Security Deficiencies
The major bank Swedbank has not lived up to the regulatory framework for security protection. Therefore, the bank must pay 12.
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
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.
Swedish Government Cuts GDP Growth Forecast Amid Tariff Concerns
The Government is writing down the GDP forecast. The Swedish economy is now expected to slow down further due to the tariffs.
Trump Announces First US-UK Trade Agreement
President Donald Trump's first trade agreement is in harbor. According to Trump, it's about an agreement between the USA and the United Kingdom.
Stock Market Stalls as Cloetta Jumps 10.4 Percent
The trend was negative on the major European stock exchanges on Wednesday, despite the news that ministers from China and the US would meet later in the week to discuss the trade war. The Stockholm stock exchange fluctuated around zero during the day, and the broad OMXS index closed 0.
Service Sector Recovery Stalls as Activity Declines Unexpectedly
The recovery in the service sector has come to a halt and activity in the sector is unexpectedly decreasing, according to the purchasing managers' index from Swedbank and Silf. The slowdown is weighing down development in the business sector.
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Sweden Herald
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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