Monthly Comments

2025 began with optimism – falling inflation, interest rate cuts, and a forecasted economic upswing contributed to a strong start. However, the situation shifted during February and March. Signs of a weakening economy combined with rising inflation have instead increased the risk of...

February has been an eventful month, with Donald Trump's often contradictory statements following one another in rapid succession. Continued remarks about new tariffs against both allies and enemies have created uncertainty in the market, even though...

The beginning of 2025 was eventful, with a strong focus on the United States, where Donald Trump began his second presidential term with extensive measures. He imposed punitive tariffs of 25% on Mexico and...

2025 began with optimism – falling inflation, interest rate cuts, and a forecasted economic upswing contributed to a strong start. However, the situation shifted during February and March. Signs of a weakening economy combined with rising inflation have instead increased the risk of...

The final month of the year saw mixed developments with significant movements and overall declining indices, while long-term interest rates rose. The Federal Reserve (FED) cut interest rates during the month to a...

The main event of the month was the U.S. presidential election. The market had partially priced in a Trump victory, and when the election results were confirmed, U.S. stock markets surged sharply. In contrast, Europe...

The major stock markets mostly moved sideways for the majority of the month, with the U.S. staying slightly above the break-even point while Sweden and Europe were somewhat below. However, during the last trading days...

September started off weak with falling stock prices and increased volatility. Concerns over a weaker economy, interest rate cuts that may come too late, and doubts about whether the tech giants’ massive investments in AI will bear fruit contributed to the negative sentiment. However, the market...

August began with significant drops in global financial markets and falling interest rates. Weak U.S. industrial and employment figures increased the risk of a global economic downturn and a looming recession. An interest rate hike from Japan's central bank also contributed by strengthening...

July was primarily characterised by the second-quarter reports. In summary, companies delivered adequate results with good profits but somewhat sluggish order intake. Among individual companies, we saw some larger movements...