Sweden market committee to look at Nasdaq-OMX deal

(Reuters) - The committee, which includes former Riksbank Deputy
Governor Kerstin Hessius and the government's adviser on
privatisation, Karin Forseke, will look at possible effects on
market liquidity and the costs and competitive situation for
issuers, investors and other market actors.




It will also look at what would happen if the merger did not
go through, other possible combinations or partnerships for OMX
-- which owns and runs stock exchanges in Sweden, Finland,
Denmark, Iceland and the Baltic states -- and how a merger could
affect markets in the European Union.


Read more at Reuters.com Government Filings News

Gold Climbs in London as Higher Oil Costs May Revive Demand; Silver Gains

(Bloomberg) -- Gold gained for a second day in
London on speculation higher oil costs will revive demand for
the metal as a hedge against inflation. Silver also rose.

Crude oil is near a nine-month high and central banks in
Sweden, Switzerland and the U.K. have raised interest rates this
year to control escalating prices. Bullion climbed to a record
$850 an ounce in 1980 after a jump in the cost of oil.


Read more at Bloomberg Commodities News

European Government Bonds Drop on Concern Global Inflation Is Quickening

(Bloomberg) -- European government bonds fell for a
second day as central banks in the U.K. and Sweden indicated they
will raise interest rates further, adding to concern global
inflation is quickening.

Debt's slide sent 10-year yields to near a five-year high as
investors reassess the outlook for global borrowing costs.
Interest-rate futures suggest the European Central Bank will keep
raising lending rates this year, while Sweden's Riksbank said
yesterday it'll lift rates twice more and minutes of the Bank of
England's last rate-setting meeting showed more policy makers
backed higher borrowing costs than forecast.


Read more at Bloomberg Bonds News

Swedish Krona Jumps Versus Euro After Central Bank Raises Interest Rates

(Bloomberg) -- Sweden's krona rose by the most in
more than two months versus the euro after the central bank
raised its interest rate to 3.5 percent, and said borrowing costs
will be raised more than previously forecast to forestall the
effects of wage growth on prices.

The Riksbank, the Swedish central bank, said it would raise
the repo rate to 4 percent by year-end, 50 basis points above
what the bank said in February, and stated further increases were
needed in the coming years.


Read more at Bloomberg Currencies News

Sweden Consumer Confidence Slips From Highest Since 2000 on Rate Concern

(Bloomberg) -- Sweden's consumer and manufacturing
confidence indexes fell from the highest levels in more than six
years after the central bank said it will have to raise interest
rates more than anticipated.

The consumer index fell to 19.7 from 23 in April, which was
the highest since November 2000, the National Institute of
Economic Research said in an e-mail. The manufacturing index in
May fell to 9 from 13, which was also a seven-year high. The so-
called economic tendency indicator, a combination of both
indexes, fell to 115.9 from 117.4.


Read more at Bloomberg Bonds News