The stock market has been experiencing volatility as fears of increased protectionist measures (tariffs) and lowered taxes loom. Additionally, geopolitical tensions have escalated (Ukraine conflict), political turbulence in Germany (ousted finance minister, new elections in February), and concerns have arisen surrounding the Federal Reserve due to hawkish comments from Chairman Jerome Powell (no rush to lower interest rates).
Market interest rates have climbed while the dollar has strengthened following the US election.
Since November 5th, the American S&P 500 index is up by 2.3%, whereas the German DAX index has fallen by 0.5%. On the Stockholm Stock Exchange, the OMXS30 index has dropped by 2.5%.
Taking a closer look at the performance of stocks on the OMXS30 list during this two-week period, we see that Saab has seen the best development, rising by 7.7% (defense stocks winners in Europe), while Sinch has declined by 36.7% (reported on November 6th).
Looking at individual stock performances, ABB has increased by 0.4%, Alfa Laval has decreased by 0.5%, Assa Abloy is down by 2.6%, Astra Zeneca has risen by 0.5%, Atlas Copco A has fallen by 1.9%, and Atlas Copco B is down by 2.5%. Boliden has seen a significant decrease of 6.5%, Electrolux is down by 6.8%, Ericsson has dipped by 0.2%, Essity has fallen by 1.9%, and Evolution is down by 0.5%. Getinge has experienced a notable decline of 10.1%, H&M is down by 5.3%, Handelsbanken A has dropped by 2.5%, and Hexagon has fallen by 7.0%. Investor is down by 1.7%, Kinnevik has risen by 2.0%, Nibe has plummeted by 13.4%, and Nordea has decreased by 1.6%. Saab has seen a significant increase of 7.7%, Sandvik is down by 3.3%, SCA has risen by 0.6%, SEB has decreased by 2.2%, Sinch has plummeted by 36.7%, SBB B is down by 2.9%, SKF has fallen by 2.2%, Swedbank is down by 2.7%, Tele 2 has risen by 1.6%, Telia is down by 1.2%, and Volvo has decreased by 4.3%.
This snapshot was taken on November 20th, around 9:45 am.
Overall, the market has been experiencing a mix of positive and negative movements, driven by a combination of global economic factors and company-specific news. As investors navigate through these uncertainties, it will be crucial to stay informed and agile in their decision-making to capitalize on emerging opportunities and mitigate risks in the ever-changing market landscape.