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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.
Swish up and running again – problems solved
Swish was affected by disruptions on Saturday evening, which affected payments made with the payment service. Shortly after 1 am, Swish announced that the general problems were resolved, but barely an hour later, new problems arose.
The Big Bank: Housing Prices Will Rise This Much
Housing prices will clearly rise over the next two years. However, do not count on any price rally similar to the one during the pandemic.
The forecast: Higher housing prices next year
The economy is weak and unemployment is high. But next year, there may be a brightening, predicts Swedbank in an economic forecast.
Major Banks Lower Mortgage Rates
Several major banks are now lowering their variable mortgage rates following the Swedish Central Bank's double rate cut. SEB is lowering by 0.
Inflation upswing does not threaten interest rate cuts
Inflation, according to the measure KPIF, rose in October to 1. 5 percent.
The Service Sector Takes a Step Up
The Purchasing Managers' Index for the private service sector rose to 52. 9 in October, from 49.
The Banks' New Grip in the Battle for Mortgage Customers
When 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. .
Upward trend on the Stockholm Stock Exchange
The Stockholm stock exchange continued to rise throughout Monday and at the close, the broad OMXS index landed 0. 5 percent up.
Largest Interest Rate Cut in Ten Years Expected
Everything 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.
Unexpectedly Large Boost for Swedish Industry
The Purchasing Managers' Index rose to 53. 1 in October, from 51.
Swedbank lowers variable interest rate
Swedbank lowers the interest rate on its variable mortgages by 0. 25 percentage points.
Major Banks' Profits Increase Again
The major banks' profits are increasing despite the lower interest rates. When the profitability of mortgage loans is squeezed, the banks find other revenue streams.
Slowdown in the Eurozone - Despite German Turnaround
The downturn in the German economy doesn't look quite as bad as feared. But it looks tougher than expected in France, according to preliminary purchasing managers' index for October.
Major Banks Soar on the Stock Exchange
It 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.
CEO of Swedbank: "It will gradually brighten up for households"
It's going well for the major bank Swedbank – which, however, notes that many still struggle with the economy. In pace with the Swedish Central Bank lowering the interest rate, it will gradually brighten up for households, says CEO Jens Henriksson.
Nordea pulls the Stockholm stock exchange upwards
The Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.
These are the risks on the stock market right now
It 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.
Decline on the Stockholm Stock Exchange – Saab plummeted
The Stockholm Stock Exchange turned downward on Thursday and at the close, the OMXS index stood at minus 1. 11 percent.
Stockholm Stock Exchange Turned Upward
The Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.
Lowest Inflation in Almost Five Years
Inflation fell to 1. 1 per cent in September according to preliminary figures from Statistics Sweden (SCB).
Disruptions at Swedbank resolved
Swedbank had technical problems on Sunday that were resolved shortly after 3 pm. Many users could not access the bank's app or website.
Fake Swish - how to avoid being scammed
Reports 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.
Swedish Service Sector Slows Down
The service sector is clearly losing momentum. The Purchasing Managers' Index for the private service sector falls to 49.
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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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