Swedish Market Economy

Saturday, May 7, 2016

Moderate stock market reaction to weak US figure – Swedish Dagbladet

Photo: Pontus Lundahl / TT

When the Stockholm Stock Exchange closed on Friday was OMXS index of minus 0.4 percent. Even before the US figures released index was negative.

The lower job activity in the US can get the Fed to hold back on interest rate increases, something which is fundamentally positive for stock markets.

worst among the heavyweights went Fingerprint Cards minus 5.3 percent, followed by Nordea, minus 2.1 percent. Securitas fell 1.0 percent after the rise on Wednesday.

A few big corporations went plus, among them engineering companies Atlas Copco, SKF and SSAB, which rose from 0.4 to 1.9 percent.

Friday’s winner’s share was Swedol, plus 12.2 per cent, since the company bought Björnkläder 790 million.

on the leading European stock markets were mixed. FTSE index rose 0.2 percent, the Frankfurt Stock Exchange’s DAX index rose 0.2 per cent while the Paris Stock Exchange’s CAC index dropped 0.4 percent.

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Posted by Cecil at 10:28 PM
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