Hints and tips:
...There is a dearth of green alternatives to the fossil fuels used to make steel, cement or plastics, he adds....
...Steel stocks performed particularly strongly with Alpha Natural Resources , which mines metallurgical coal used in steelmaking, rising 28.2 per cent to $24.11, AK Steel Holding rose 16.8 per cent to $8.22...
...Proxy fights to place candidates chosen by a disgruntled investor on to boards also rose sharply....
...Alpha Natural Resources , the metallurgical coal supplier which is dependent on Chinese demand for steel, fell 13.2 per cent to $17.69....
...Alpha Natural Resources , which supplies China with metallurgical coal for use in the manufacture of steel, was up 9.5 per cent to $23.79....
...AK Steel closed down 10.6 per cent at $7.83 and US Steel was down 9.37 per cent at $27.27, in anticipation of falling industrial activity....
...Shares in Alkermes rose 5 per cent to $15.19....
...Fitch started the ball rolling with a downgrade of Ireland to ‘A+’ from ‘AA-’, with a negative outlook,” said Michael Hewson, analyst at CMC Markets. Employment firms were big gainers....
...Cohen subsequently made phone calls from an outdoor pay phone to tip his uncle David V....
...Rival US Steel was down 5.7 per cent to $56.63....
...But in Vienna, steel tubing manufacturer Schoeller-Bleckmann gained 2.5 per cent to €39.96 after it second-quarter results impressed investors....
...ThyssenKrupp rose 2.4 per cent to €20.94 as news came that German crude steel production was up 88 per cent in May....
...The S&P 500 materials index climbed 3.7 per cent as Alcoa bounced 5 per cent to $13.36 and US Steel rose 6.5 per cent to $47.32. ExxonMobil also added to Wall Street’s optimism....
...Steel producers AK Steel and United States Steel were two of the biggest movers in the S&P 500 index, rising 6.4 per cent to $23.07 and 6.6 per cent to $51.14 respectively....
...United States Steel gained 2.2 per cent to $43.28 while ExxonMobil rose 2.1 per cent to $70.65. The industrials index was buoyed by General Electric....
...Alcoa dropped 1.4 per cent to $13.12 and United States Steel lost2.6 per cent to $44.37....
...US Steel fell 2.1 per cent to $48.02, while ExxonMobil lost 0.6 per cent to $69.57....
...“The selling is not materialising,” said James Steel, a precious metal analyst at HSBC in New York, echoing a view held by other analysts and traders....
...AK Steel , the steel maker that has surged over 13 per cent this week, fell 5.7 per cent to $19.93....
...Gold mining stocks rose sharply in the wake of a higher bullion price....
...The US, China, Germany and France reported further strong improvements, adding to evidence of a v-shaped recovery in economic growth in the third quarter....
...AK Steel shed8.1 per cent to $14.39, while US Steel dropped 2.1 per cent to $30.81....
...“Bullish sentiment still surrounds the economic stimulus plan,” said Ian Griffiths, dealer at CMC Markets....
...Morgan Stanley rose 1.4 per cent to $18.79....
...Waste Management shares rose 0.3 per cent to $36.10 while Republic shares rose 0.6 per cent to $35.05....
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