[ad_1]
The broad OMXS index closed at 2.6 percent, after touching 4 percent earlier in the day.
Therefore, the Stockholm Stock Exchange is at the highest level in history, erasing the old all-time high of October 12 this year.
Most of the heavyweights rose steeply. The clothing chain H&M finished in first place among large companies with an increase of almost 9.9 percent.
SAS’s stake increased 24.4 percent. In the morning, the Norwegian government announced that there will be no more specific crisis support for competitor Norwegian, who will soon run out of money.
European stock markets rushed
Some of the major European stock exchanges are rising even higher. The DAX index in Frankfurt closed at 4.9 percent and the CAC 40 index in Paris closed at 7.6 percent. London’s FTSE100 index rose 4.7 percent.
A vaccine developed jointly by Pfizer and Biontech was 90 percent effective in preventing COVID-19 in ongoing phase 3 studies, the companies announced.
“We are an important step closer to giving people around the world a much-needed breakthrough to help end this global health crisis,” Pfizer chief Albert Bourla wrote in a press release.
“Supernyheter”
The outcome of the US presidential election, in which Democrat Joe Biden was elected the new president, but probably without a majority in the Senate, is considered an optimal situation from a stock market perspective. According to Mattias Isakson, Swedbank’s equity strategist, this is what is currently the basis for stock market optimism. The novelty of the vaccine is the icing on the cake.
– When you look up from the presidential elections and think about what could stop the economic recovery, then it is a continuous spread of the infection, and then it comes here, about a vaccine. It’s great news in this situation, says Mattias Isakson.
That the stock market opened clearly positive during the morning and continues to rise after the vaccine announcement is highly and completely reasonable, according to Mattias Isakson.
– Previously we have emphasized that the day there is a vaccine, the stock market will react positively even if everyone expects it. The day that actually comes, the map changes, so there is something that can really stop this, he says.
The strongest crown in a long time
At the same time, oil prices are rising dramatically, plus seven percent, and gold is falling as global investors see bright lights in the crown tunnel and therefore adopt a more investment strategy. risky in the hope that the economy will change.
At home, the krona strengthens to the strongest level against the dollar in 28 months and now costs 8:58, writes Reuters.
– Everything gets a clear boost from that. Corona has been a big question mark ever since it arrived, and in the end, a lot has gone in the wrong direction. Now we are in the position that the recovery can probably continue and then the optimism will spread to all markets as people care less about the economy, says Mattias Isakson.
Olle Lindström / TT
Helena Wande / TT
[ad_2]
