Monthly Comments

The stock markets generally ended the month of July with relatively large gains. Inflation figures remained high and both the US FED and the ECB raised their respective interest rates.

The negative mood continued in June with falling stock and bond markets. High inflation figures increase the risk of interest rate hikes, which in turn can cause the economy to be thrown into a recession. Both the US Federal Reserve and the Swedish Riksbank also raised their policy rates - 0.75% in the US and 0.50% in Sweden.

May was characterized by continued turmoil in the financial markets, but after sharp declines at the beginning of the month, the stock markets recovered and ended with relatively small changes.

Continued war in Ukraine and its implications put markets under pressure in April. In connection with new shutdowns in China, the risk of continued logistics problems and component shortages, increased, with supply disruptions and rising prices as a result.

The war in Ukraine continues to dominate the news flow and our thoughts. Despite all the horror, the major stock markets have remained largely unchanged since the outbreak of war on the 24th of February.

During February, focus has been on the tragic events in Ukraine and the Russian invasion that began on February 24th and has since intensified.

Stock markets continued to rise into the new year. After a few days, however, the mood changed, and markets dropped. An escalating conflict between Russia and NATO with the risk of an invasion of Ukraine, higher inflation figures and a more hawkish FED all contributed...

The year ended with rising stock markets. The Nasdaq Stockholm was at the top while the SEK remained weak. The news flow has been dominated by the spread of Omicron and...

After quite positive performance during October, mainly driven by the reporting season, financial markets turned into negative territory during November. The spread of Covid-19 has risen significantly in Europe during the autumn and Omikron...