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Stock Market Rises After Bank Reports
The Stockholm Stock Exchange climbed upwards on Tuesday. A reporting major bank is the driving force behind the stock market upswing, but another one is acting as a brake.
Swedbank's profit falls less than feared
Major bank Swedbank is doing better than expected and is bringing home hundreds of millions on feared credit losses that have not materialized. However, costs are increasing and the downward pressure on interest rates is causing the bank's profit and net interest income to be pressed down.
So much more in the household's wallet
Retirees and students can count on around 300 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 lowers fixed mortgage rates
The major bank SEB is lowering its interest rates with longer maturities, 1-10 years, by 0. 10 percentage points.
Inflation report from the USA boosts the stock market
An unexpectedly positive inflation report from the USA caused the Stockholm Stock Exchange to rise on Thursday. The broad OMXS index closed at plus 1.
Saab and SBB winners on rising stock market
The Stockholm Stock Exchange's broad OMXS index rose 0. 5 percent on Wednesday, strengthened among other things by increases in the major banks' shares.
Largest Mortgage Bank Worst at Lowering Interest Rates
Swedbank is the worst in class when it comes to lowering mortgage rates when the average interest rates of the five largest mortgage banks are compared this year. Despite the Swedish Central Bank's lowering of the repo rate by 0.
Swedbank and Handelsbanken lower fixed mortgage rates
Swedbank and Handelsbanken (SHB) are lowering their fixed interest rates for loans with binding periods of one to ten years. A two-year loan with Swedbank now has a fixed interest rate of 4.
Stock Market Falls – Red Numbers Among Large-Cap Stocks
The Stockholm Stock Exchange fell on Tuesday and closed at minus 0. 7 percent.
Up on the stock exchange – but red for the banks
The Stockholm Stock Exchange started on a minus but then turned upwards. The OMXS index closed at plus 0.
Weak growth paves the way for new interest rate cut
Sweden's economy continues to develop weakly with low growth and pressured households. This strengthens the image that we will soon see the second interest rate cut, says Andreas Wallström, forecast chief at Swedbank.
Decreased price pressure in the service sector
Fresh purchasing manager figures show a certain recovery in the service sector. At the same time, the price increase pressure continues to decrease.
Stock Market Weighed Down by Interest Rate Fears – Dustin Plummets
A wave of interest rate frost swept across the market on Tuesday. The Stockholm stock exchange's broad OMXS index fell by 0.
This is why Swedish industry is doing better
The recovery in Swedish industry is going faster than in euro countries. Something that can be explained by the weakened krona.
Industry Shifts into Lower Gear
Purchasing Managers' Index for the manufacturing industry fell to 53. 6 in June.
Now craftsmen and cleaning help are getting cheaper
Next week, the ceiling for RUT and ROT deductions will be raised. For those who want to maximize their tax deductions, there are a number of things to keep track of.
Major Bank: Absolutely Right of the Central Bank
The Governor of the Central Bank, Erik Thedéen, is open to three interest rate cuts this year. The news is dividing experts.
Major Bank: Mistake Not to Cut Interest Rate Now
It will not be an interest rate cut on Thursday, according to some of the country's gathered experts. But Mattias Persson, chief economist at Swedbank, believes it will be seen as a mistake in hindsight.
Economist: Time to Step on the Gas in Fiscal Policy
The subdued inflation opens up for a greater reform scope in the government's autumn budget, according to Swedbank's chief economist Mattias Persson. It is time to invest more in the future, he says.
So, what happened to the banks' mortgage rates?
The Riksbank's lowering of the interest rate on 8 May led the banks to adjust their variable mortgage rates. Danske Bank had the lowest average rate in May, reports [Dagens industri](https://www.
Housing costs at record high this year
Those who buy a home today spend a record large proportion of their disposable income on housing costs, shows Swedbank's housing index for the first quarter of the year. The housing index falls to 92 for the first quarter.
Stock Exchange Falls – Banks and French Concerns Weigh Down
The Stockholm Stock Exchange fell across the board with industrial companies and banks declining. The broad OMXS-index dropped 0.
So much do women lose by taking parental leave
Women still take more parental leave and work part-time more often than men. And their absence from work costs them thousands of dollars a month.
Dampened price pressure in the service sector
Service industries are showing a weak recovery, according to the purchasing managers' index measured monthly by Swedbank and Silf. Service companies are experiencing a reduced cost pressure.
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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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