The stock markets have been turbulent as fears of increased protectionist measures (tariffs) and lowered taxes loom. In addition, geopolitical tensions have escalated (Ukraine conflict), political turmoil in Germany (ousted finance minister, new elections in February), and renewed concerns about the Federal Reserve as Chairman Jerome Powell made hawkish comments (no rush to lower interest rates).
Market interest rates have climbed while the dollar has strengthened after the US election.
Since November 5th, the American S&P 500 index is up 2.3 percent, while the German DAX index has declined by 0.5 percent. On the Stockholm Stock Exchange, the OMXS30 index has fallen by 2.5 percent.
Looking at the performance of stocks on the OMXS30 list during this two-week period, we see that Saab has had the best development, rising by 7.7 percent (defense stocks winners in Europe), while Sinch has fallen by 36.7 percent (reported on November 6th).
Taking a closer look at the individual stocks on the list, ABB has increased by 0.4 percent, Alfa Laval has decreased by 0.5 percent, Assa Abloy has dropped by 2.6 percent, Astra Zeneca has risen by 0.5 percent, Atlas Copco A has fallen by 1.9 percent, Atlas Copco B has declined by 2.5 percent, Boliden has decreased by 6.5 percent, Electrolux has dropped by 6.8 percent, Ericsson has decreased by 0.2 percent, Essity has declined by 1.9 percent, Evolution has dropped by 0.5 percent, Getinge has fallen by 10.1 percent, H&M has declined by 5.3 percent, Handelsbanken A has dropped by 2.5 percent, Hexagon has fallen by 7.0 percent, Investor has decreased by 1.7 percent, Kinnevik has risen by 2.0 percent, Nibe has dropped by 13.4 percent, Nordea has declined by 1.6 percent, Saab has increased by 7.7 percent, Sandvik has fallen by 3.3 percent, SCA has risen by 0.6 percent, SEB has dropped by 2.2 percent, Sinch has fallen by 36.7 percent, SBB B has declined by 2.9 percent, SKF has dropped by 2.2 percent, Swedbank has fallen by 2.7 percent, Tele 2 has risen by 1.6 percent, Telia has declined by 1.2 percent, and Volvo has dropped by 4.3 percent.
This assessment was made on November 20th, around 9:45 AM.
It is crucial to note that the global economic landscape is shifting rapidly, influenced by a multitude of factors ranging from political decisions to market sentiments. Investors and analysts are closely monitoring these developments to navigate the complexities of the financial world and make informed decisions to protect and grow their investments. The interplay of economic indicators, geopolitical events, and corporate performance creates a dynamic environment that requires agility and expertise to thrive in the ever-changing market conditions.