Stagnant Start: European Stock Markets Open Flat, Swedish Shares Soar on Interest Rate Decision

European stock markets opened flat on June 29, 2023. Here is a summary of the latest information on European stock markets:The CAC 40 is higher by 0.18%, while the FTSE 100 is leading the DAX lower.European equity markets climbed on June 28, 2023, after tentatively breaking their losing streak at the end of June 27’s session.Swedish shares are on the rise after the interest rate decision.Overall, the European stock markets seem to be experiencing mixed results, with some indexes up and others down. Investors are keeping an eye on central bank meetings and inflation data, which could impact the markets in the coming days.

The Swedish central bank raised its policy rate by a quarter percentage point to 3.75% on June 29, 2023, in a bid to bring down inflation further. The rate hike was seen as the peak, and it is likely to be the end of the rate-hiking cycle. The Riksbank’s policy rate is now at 3.75%, which is the highest level since 2011. The Swedish interest rate decision impacted the stock market positively, with Swedish shares on the rise after the announcement.