Stocks rose in Stockholm on Friday as China posted strong industrial figures and concern eased that Greece and Spain may struggle to pay their debt.

OMX Stockholm 30 rose at Friday midday trading after a bit of stress at the beginning of this week. Compared to last week the index is slightly down.

Global stocks jumped Friday after China’s industrial production grew more than economists forecast, adding to evidence the nation is leading the global rebound, and concern lightend that Greece and Spain may struggle to pay their debt.

More and more Swedish analysts and economist upgrade their outlooks for next year as company profits are expected to increase and global economic indicators point in a positive direction, indicating swelling stock prices.

A survey among 33 fund managers, made by online stockbroker Nordnet, said Monday that Swedish stocks are expected to increase 13 percent next year. The financial sector is expectant to lead the rally as “there will be more stock deals, fund savings will increase in value and the climate for mergers and acquisitions will improve”.

Autoliv, the worldwide leader in automotive safety systems, gained almost 7 percent Friday after it raised its fourth-quarter outlook for sales and margins. Oil company Lundin Petrolium rose 3.3 percent after hoist recommendations by investment bank Carnegie.

H&M; fell Wednesday after Cheuvreux lowered its recommendations from outperform to underperform. The stock price rose Thursday after its Spanish competior Zara posted stronger-than-expected profit.

Telecom giant Ericsson said Tuesday it plans to axe almost 1,000 employees at Swedish sites and close down its activity in Gävle. The same day HSBC upgraded the company’s stock to overweight from neutral and raised its target price on the stock to 84 kronor from 80 kronor previously.

Clas Ohlson, one of a chain of Swedish hardware stores, rose more than 3 percent Tuesday after posting stronger-than-expected profit

Swedish companies, such as builder Skanska and home appliances maker Electrolux, may gain from US President Barack Obama’s new plan to fight unemployment and boost energy efficiency, an analyst said.

Since the turn of the year the OMX Stockholm 30 index is up 44 percent.

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