Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Materials up Amid Hopes for Stimulus -- Materials Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/16/2019 | 05:43pm EDT

Producers of metals and other raw materials rallied as traders bet that central-bank actions would stave off a global recession.

Olli Rehn, a European Central Bank official, pledged that the central bank will act aggressively at its next policy meeting during an interview Wednesday.

The Federal Reserve's options may be limited by stronger-than-expected U.S. data, according to one brokerage. "U.S. data are strong, but the trade war got worse...What's a Fed to do?" said strategists at Swiss bank UBS, in a note to clients.

Gold futures, which fare better during times of declining interest rates, pulled back from a six-year high, but logged their third weekly gain in a row.

Bayer shares rose after analysts at brokerage Bank of America Merrill Lynch said the German chemicals and drug giant would likely settle Roundup weed-killer lawsuits for less money than was currently priced into the market.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA -0.77% 29.59 Delayed Quote.20.09%
BAYER AG 0.49% 67.23 Delayed Quote.10.47%
GOLD 1.16% 1517.063 Delayed Quote.16.96%
UBS GROUP -0.65% 11.425 Delayed Quote.-6.62%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:18aHopes for trade breakthrough fade as China cancels U.S. farm visits
RE
05:12aNATIONAL PORK BOARD : Clearing the Way for New Opportunities
PU
04:52aCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : China to see bumper harvest of grains
PU
04:37aMINISTRY OF DEFENCE OF REPUBLIC OF AZERBAIJAN : Azerbaijan Defense Minister meets with the State Secretary of Security Council of Belarus
PU
04:11aSaudi Aramco has emerged from attacks 'stronger than ever' - CEO
RE
03:12aWHAT'S NEWS : Business & Finance -- WSJ
DJ
03:12aWHAT'S NEWS : World-Wide
DJ
01:37aNATIONAL PORK BOARD : In the House…
PU
12:37aDEPARTMENT OF AGRICULTURE OF REPUBLIC OF P : DA to impose general safeguards duty on rice imports
PU
09/20CENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : China sees stable growth in natural gas production
PU
Latest news "Economy & Forex"