Among the most traded stocks in the OMXS30 index, heavy industrial stocks such as SKF and Atlas Copco are down 1.9 and 1.0 percent, respectively.
Among the losers is also car manufacturer Volvo Cars, whose stock is down 3.2 percent since German competitor Mercedes warned of an unexpectedly weak result in 2024, citing headwinds in China.
Wall Street closed with strong gains on Thursday in a delayed positive reaction to the unexpectedly large cut in the US interest rate on Wednesday evening Swedish time. The interest rate party got a little new momentum after unexpectedly strong weekly figures from the US labor market on Thursday.
There has been continued upward movement on leading Asian stock exchanges overnight to Friday. Among other things, Chinese electric car manufacturers have received a small boost since the EU and China agreed to intensify discussions to avoid tariffs on electric cars.
An unexpectedly strong retail sales figure from the UK pushed up the value of the pound slightly.
During the night, Japan's central bank has chosen to leave the interest rate unchanged, and China's central bank has announced that the country's one- and five-year interest rates remain unchanged in September.
The OMXS index has risen 10.9 percent since the turn of the year.
