Economy

US growth
Fewer new jobs in the US - the July figure is also revised down

142,000 new jobs were created in the US outside the agriculture sector in August, according to the US Department of Labor. That was lower than the Trading Economics consensus forecast of 160,000.

At the same time, the July figure is revised down from 114,000 to 89,000 new jobs.

Unemployment fell as expected to 4.2 percent in August, from 4.3 in July. Hourly wages increased by 0.3 percent on a monthly basis, which can be compared with the increase of 0.2 percent in July.

The macro figure is described by several media as one of the most important of the year. Among other things, it can determine how much the Federal Reserve chooses to lower the interest rate by at the September meeting, writes CNBC.

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The crypto market
The Trump sons' crypto company "a big mistake"

The Trump sons' launch of the crypto startup World Liberty Financial has been marred in recent days by fraud that affected the accounts of their followers and other family members. This is reported by Politico.

Voices are now being heard within Trumpled that the project should be put on hold. Among other things, the project leads to increased political risks and makes the industry as a whole suspicious, says crypto expert and Trump supporter Nic Carter, among others.

- This is a big mistake, says Carter.

He points out that the project increasingly appears as an attempt by Trump's inner circle to "cash in in a rather naive way".

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Swedish savings
AP7 dumps everything in China ahead of the US presidential election

Geopolitical tensions have caused the Seventh AP Fund to sell its holdings in companies listed on the stock exchanges in Hong Kong and China during the summer, reports Affärsvärlden.

"Both Republicans and Democrats stand for a protectionist trade policy, and the fall presidential election in the United States risks leading to a further escalation of the rhetoric and making the trade relationship between the United States and China more difficult," writes the pension authority in its latest half-yearly report.

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Today's stock market
The stock market fell after the jobs figure – Volvo Cars to a new low

The September chill continued on the Stockholm Stock Exchange and ended the week with a heavy fall:
• OMXSPI: -0.8%
• OMXS30: −1.1%
In total, the OMXS30 fell over 4 percent during the trading week. The main number of the week - the US jobs figure - came in slightly lower than expected during the afternoon and lowered the stock market further.

Volvo Cars fell nearly 6 percent to a new record low. According to Bloomberg, short-selling interest in the stock has increased significantly due to the tariff war between the EU and China.

The medical and cybersecurity company Sectra reported a record profit for a first quarter, and was rewarded with a price rise of nearly 5 percent.

Avanza retreated 4 percent after JP Morgan repeated its sell advice.

The majority of OMXS30 companies fell heavily – with Nordea, Nibe, Kinnevik and Evolution among the biggest losers with falls of more than 2 percent each. SBB was one of the few major companies against the trend – the share rose 1.7 percent.

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Sources: The crisis at Northvolt intensifies – the money is running out

Northvolt's financial situation looks increasingly worse, sources say for Dagens Industri. According to a source with insight, the situation has become more acute since the end of the summer.

- It is not very long until the money runs out, says another source with a high position in the financial industry and is connected to the battery law.

At the same time, it does not seem to be relevant to a reconstruction, but the company plans to present a new strategic plan shortly, writes the newspaper.