Sweden ETF Rises After Riksbank Takes Rates Deeper Into Negative Territory

Shares of the iShares MSCI Sweden ETF (NYSEArca: EWD) are modestly higher Wednesday after the Riksbank, the world’s oldest central bank, surprisingly took Sweden’s repo rate deeper into negative territory with a cut of 15 basis points to -0.25% from -0.1% Some of Sweden’s larger companies are...