Latest news with #Nordnet
Local Sweden
11-08-2025
- Business
- Local Sweden
IN FIGURES: How a stronger Swedish krona is making trips abroad cheaper
After several sluggish years, the Swedish krona finally strengthened in 2025, improving the purchasing power of travellers from Sweden in countries all over the world. Advertisement For any foreigners paid in Swedish krona, travelling back home to see family and friends or taking a holiday outside Sweden has cost a pretty penny in recent years. But this year has finally seen a resurgence of Sweden's currency, making foreign travel less of a drain on personal spending. Frida Bratt, a savings expert from Nordnet bank, has crunched the numbers to show how the krona has performed this year compared to many other currencies worldwide. With the exception of a few currencies, like the Hungarian forint and Russian ruble, the krona has strengthened against the vast majority of other currencies, she said. Nordnet's economist noted that it wasn't quite as simple as saying that the prices of goods and services in a given country were now cheaper at a rate equivalent to their drop in relation to the Swedish currency since inflationary effects also needed to be taken in account. In Turkey, for example, high inflation has led to rising prices for locals and tourists alike. Turkey is an extreme case however, she added, and inflation is not nearly as high in many other places. Advertisement In the vast majority of countries, the increased purchasing power of travellers paid in Swedish kronor was roughly equivalent to the relative percentage disparity, give or take a few percentage points to adjust for inflation, according to Frida Bratt. While it's difficult to pinpoint exact reasons for the krona's rise, Handelsbanken's chief economist Christina Nyman said in March this year that 'it might be the fact that the Swedish economy is in a better position than many other countries' economies.' "Sweden has been able to cut the interest rate to what we consider a neutral level before most other countries because inflation has dropped." Sweden's strong public finances were also a likely contributing factor, she noted. SEE ALSO: What a strong Swedish krona could mean for foreigners in Sweden
Local Sweden
08-04-2025
- Business
- Local Sweden
How are Swedes reacting to the stock market turbulence?
Many Swedes have savings in funds or stocks, and are reacting to the fall in the stock market by moving their savings. Advertisement "We can see a lot of small savers moving to funds with a lower risk, most of all fixed income funds," said Philip Scholtzé from investment platform Avanza. "Interest has increased for long-term and short-term fixed income funds." A lot of savers also chose to sell their funds last month when the markets started to drop. "People sold high risk funds, usually pure stock funds with a global focus. Many of them are American with a tech focus." Frida Bratt, an economist at investment platform Nordnet, said that there was a clear increase in people buying funds based in Europe. "For the first time we're seeing European funds increase. Europe has been out in the cold for a long time, but we're seeing trends change as to where people are putting their money," she said. READ ALSO: Advertisement European stocks, like defence companies and banks, have also risen, while many investors have sold their American stocks. "Lots of people have sold their shares in Coca-Cola, which has remained relatively stable. Coca-Cola is a strong American symbol and people getting rid of their stocks could have something to do with them just not wanting to be linked to the US," Bratt said.
Bloomberg
12-02-2025
- Business
- Bloomberg
Nordnet's Breakdown in Trading Safeguards Taken Seriously by FSA
Swedish digital bank Nordnet AB has confirmed that a client who gained access to another customer's account on Tuesday was able to initiate an equities trade. 'In the cases where users were shown the incorrect account information, it was possible for them to act on it,' Nordnet Head of Communications Johan Tidestad said by phone. 'We have found one documented case where an equity order was initiated by an unauthorized person.'
