Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

The stock market fell ahead of the interest rate decision from the USA

The Stockholm Stock Exchange fell ahead of Wednesday evening's interest rate decision from the US central bank. The OMXS index dropped 0.7 percent.

» Updated: 22 September 2024, 01:51

» Published: 18 September 2024

The stock market fell ahead of the interest rate decision from the USA
Photo: Erik Simander/TT

Among the most traded stocks in the OMXS30 index, for example, Nibe Industrier and the medical technology company Getinge fell 1.7 and 1.2 percent, respectively.

Against the trend, however, were the real estate company SBB and the appliance manufacturer Electrolux. The companies rose 1.7 and 1.2 percent, respectively.

Among today's losers was also the real estate company Pandox, whose share fell 4.8 percent after a targeted new share issue aimed at raising two billion kronor.

The fiber company Hexatronic fell 10 percent after the announcement that CEO Henrik Larsson Lyon is leaving.

The leading European stock exchanges fell during the day. It was also weakly down on the leading indexes on the New York Stock Exchange at 17:30.

In the interest rate decision from the US central bank Federal Reserve (Fed) at 20:00 Swedish time, Fed Chairman Jerome Powell is expected to deliver the first interest rate cut in over four years. But the question is whether it will be 0.25 percentage points or a so-called double cut of 0.50 percentage points.

Prior to the expected cut, the Fed's key interest rate is at 5.25-5.50 percent, the highest level in over 20 years.

After Wednesday's decline, the Stockholm Stock Exchange has risen 9.1 percent since the turn of the year.

Places
People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Oil Companies Fell on Wall Street
1 MIN READ

Oil Companies Fell on Wall Street

Axfood gets approval to buy City Gross
1 MIN READ

Axfood gets approval to buy City Gross

Reduced working hours extra hot for the unions
3 MIN READ

Reduced working hours extra hot for the unions

Ebba Busch: We Must Be Smarter
2 MIN READ

Ebba Busch: We Must Be Smarter

Embracer soars on the stock exchange amid new rumors
1 MIN READ

Embracer soars on the stock exchange amid new rumors

Former employees buy The Body Shop
1 MIN READ

Former employees buy The Body Shop

Boeing wants to raise 25 billion dollars
1 MIN READ

Boeing wants to raise 25 billion dollars

Trump's Tariff Threat Worries Thedéen
1 MIN READ

Trump's Tariff Threat Worries Thedéen

Highest confidence in German economy since June
1 MIN READ

Highest confidence in German economy since June

Upwards in Europe's industries
1 MIN READ

Upwards in Europe's industries

Thedéen: We are lowering rapidly
3 MIN READ

Thedéen: We are lowering rapidly

More Expensive Chocolate but Cheaper Tomatoes
1 MIN READ

More Expensive Chocolate but Cheaper Tomatoes

Inflation falls to 1.1 percent
1 MIN READ

Inflation falls to 1.1 percent

Ericsson surged – Atlas Copco plummeted
1 MIN READ

Ericsson surged – Atlas Copco plummeted

Ericsson exceeds expectations – the stock soars
3 MIN READ

Ericsson exceeds expectations – the stock soars

Ericsson exceeds expectations – the stock surges
3 MIN READ

Ericsson exceeds expectations – the stock surges

Tough job market - layoffs increase further
1 MIN READ

Tough job market - layoffs increase further

Upward Trend on the Tokyo Stock Exchange
1 MIN READ

Upward Trend on the Tokyo Stock Exchange

Pokémon developer hit by hacker attack
1 MIN READ

Pokémon developer hit by hacker attack

Google is investing in nuclear power for AI
1 MIN READ

Google is investing in nuclear power for AI