Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Materials Up As 'Reflation' Bets Return -- Materials Roundup

07/21/2021 | 04:29pm EDT

Producers of metals and other raw materials rallied as traders jumped back into cyclical sectors, reviving the "reflation trade."

One strategist said the stock market bust led by cyclical sectors on Monday was largely an emotional event. "It makes no sense and, there is no reason for it," said Oliver Pursche, vice president at financial advisory Wealthspire.

"Nothing happened between Thursday and Monday morning that would warrant a sharp correction, much like nothing happened between Monday afternoon and this morning to warrant a rebound."

Shares of miners rose, adding to gains in the wake of strong earnings from BHP Group and Anglo American. Rio Tinto said one of four furnaces at the Richards Bay Minerals mineral-sands business in South Africa will be shut off, a knock-on effect from security issues at the mines.

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

(END) Dow Jones Newswires

07-21-21 1628ET

Latest news "Economy & Forex"
04:53aFormer BoE economist Haldane to head UK govt taskforce on regional inequality
RE
04:52aTaiwan threatens to take China to WTO in new spat over fruit
RE
04:21aEXCLUSIVE : U.S. trade official called India's Mastercard ban 'draconian' - emails
RE
04:16aBritish government confident of gas supply, minister Sharma says
RE
04:12aHong Kong opposition trade union group to disband
RE
03:43aAustralia defends its handling of French submarine deal
RE
03:42aUK's COP26 chief says ball in China's court on making it a success
RE
03:36aHong Kong opposition trade union group to disband
RE
03:30aObrador pitches regional bloc for Latin America
RE
02:03aCHINA EVERGRANDE : Evergrande begins repaying wealth product investors with property
RE
Latest news "Economy & Forex"