Swedish Bank Shares Rise As Deadlocked Vote Eases Tax Fears
Investors read Sweden's inconclusive Riksdag election as proof no coalition can quickly push a new levy on banks through parliament.
- Sweden's election left the Riksdag without a clear governing majority, Valmyndigheten's preliminary count shows.
- Stockholm-listed bank shares climbed as traders priced out a near-term tax increase on lenders.
- A hung parliament makes fast passage of new bank taxes unlikely for months, if not years.
Why it matters: Bank stocks do not celebrate government, they celebrate a government too divided to tax them.
Valmyndigheten (Swedish Election Authority) preliminary Riksdag results ↗ · Sep 14, 20269/14/26