After several days of rising, the Stockholm Stock Exchange turned downward on Tuesday. The OMXS-index fell by 0.5 percent.
During the day, the expected announcement came that the Swedish Central Bank is lowering the interest rate by 0.25 percentage points. The Swedish Central Bank also sent signals that there may be three more rate cuts this year, in addition to today's.
And those signals weighed heavily on the major banks. All four major bank stocks fell between 1.4 and 2.0 percent.
Almost all companies on the OMXS30-index, among the most traded stocks, fell during the day.
One of those who went against the trend was the heat pump company Nibe, which rose by 2.4 percent.
The leading European stock exchanges also fell back on Tuesday. The leading indexes on the New York Stock Exchange also started downward.
The krona has strengthened further against a generally weaker dollar, which cost 10.25 kronor in the late afternoon. The euro was at 11.38 kronor.
