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.
BusinessThe Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.1 percent plus.
BusinessIt 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. I fear that there will be more negative surprises than usual, says SEB strategist Esbjörn Lundevall.
BusinessThe Stockholm Stock Exchange turned downward on Thursday and at the close, the OMXS index stood at minus 1.11 percent. American inflation figures and the defense company Saab contributed to the sour stock market mood.
BusinessThe Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.4 percent.
BusinessInflation fell to 1.1 per cent in September according to preliminary figures from Statistics Sweden (SCB). It is the lowest level in almost five years. We have an altogether too tight monetary policy, says Swedbank's chief economist Mattias Persson.
BusinessReports 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. Swish owner Getswish and the police are now making a strong effort to stop the spread in social media.
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