WEEKLY UPDATE – Swedish stocks rose Friday, after sharp falls the previous day and a turbulent week.

Stock in Stockholm closed higher Friday after mixed US employment figures. Employment fell in June for the first time this year, indicating modest economic growth ahead. But other data said that US companies added fewer jobs than estimated while factory orders slumped.

By the end of the day the OMX Stockholm 30 index closed up 0.18 percent. However, compared to last week the index closed down 3.73 percent after turbulent trading, amid a slew of both negative and positive economic reports.

"After a bruising week in financial markets, impacted by some nasty economic surprises, the coming week should prove less eventful -- if only because there are fewer releases," Investec economist David Page told AFP.

Sweden’s Riksbank raised its key interest rate from a historic low Thursday, reporting a strong economic recovery in the country that along with several Nordic neighbours appears to be leading Europe out of crisis.

"The Nordic countries are small, open economies, so exactly as they are hit hard at the beginning of a downturn, they are among the first to rebound," SEB rate analyst Erica Blomgren told AFP.

Investor AB, the Wallenberg family’s publicly traded holding company, said Friday it acquired healthcare company Aleris from the EQT III fund for 4.4 billion kronor ($572 million). Investor shares slipped 0.10 percent.

Nordea, the Nordic region’s largest bank, is among bidders for Bank Zachodni WBK SA, a Polish bank that is up for sale by Allied Irish Banks, Poland’s Rzeczpospolita newspaper reported. Shares of Nordea was up 0.80 percent.

Pharmaceuticals giant AstraZeneca saw its shares rocket Wednesday after a US district court found that the substance patent protecting multibillion-dollar cholesterol fighter Crestor is valid and enforceable.

Hennes & Mauritz, the world's third-largest fashion chain by revenue behind US-based Gap and Spain's Inditex, fell 1.8 percent Monday after its chief executive officer Karl-Johan Persson told French daily La Tribune that the company isn’t for sale.

Shares in Volvo Group declines Monday after the world’s second biggest truck maker was recalling more than 60,000 tractor trailer trucks to address potential steering problems.

Since the turn of the year the OMX Stockholm 30 index is up 3.77 percent.

This article has been published at The Swedish Wire and Nasdaq OMX Nordic.