|Day Low/High||25.55 / 25.97|
|52 Wk Low/High||15.99 / 28.11|
Would potential US steel tariffs mean a global trade war is imminent?
Our focus here is on one of the most beaten-down names with squeeze potential.
A study of analyst recommendations at the major brokerages shows that ArcelorMittal SA is the #30 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
A stronger dollar, commodity supply concerns and an increasingly uncertain outlook for global growth conspired to darken the mood among investors Tuesday.
Aided by favorable political news-flow and an absence of adverse economic or earnings data, Europe's benchmarks posted some of the strongest gains seen in the last two months.
European benchmarks slumped Thursday after the U.S. Fed's decision to hike rates and begin unloading its balance sheet year, while the BoE's also piled pressure onto London.
European stocks fell Tuesday as investors shunned commodities and other risk stocks on a cocktail of concerns, ranging from the Middle East to domestic terrorism and politics.
European benchmarks were lower Thursday following what was a volatile session for commodities and industrials.
Tony Fernandes and AirAsia are making the right noises in entering the Chinese air industry. But is it a smart move or brave folly?
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European benchmarks surged Monday as commodity prices rebounded, boosting the resources sector, while political risks were also seen to have receded further.
Stronger steel demand delivered double-digit sales and earnings growth at Europe's biggest steel makers but failed to save the stocks from sharp falls as free-cash-flow remained negative.
Stocks were mixed across Europe as investors responded to the latest raft of corporate earnings while also remaining cautious ahead of the Federal Reserve
European steelmakers traded firmly higher Friday, with mining stocks following suit, after a jump in iron ore prices linked to a brewing trade dispute between the U.S. and China.
Iron ore stocks are in the red this morning due to the decline in the price of the steel making ingredient.
Much of basic materials sector suffers horrid price action.
A heavy presence of gold miners helped British stocks keep out of the red on Tuesday while banks and politics weighed elsewhere.
London benchmarks rise on commodity exposure while Paris and Frankfurt pare losses.
Benchmarks were higher on Tuesday following strong gains among commodity, consumer and airline stocks
A study of analyst recommendations at the major brokerages shows that ArcelorMittal SA is the #17 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
European steel producers hit by Department of Commerce import duties on steel plate should take the matter to the World Trade Organization for international arbitration, says German foreign minister.
The FTSE 100 lagged its counterparts on Thursday following a run of broker downgrades and after a stronger pound ate into FX gains for London's blue chips.
Retreating commodity prices and an evaporating appetite for risk drove a rout across Europe on Monday
European Stocks Pushed Lower as 'Trump Trade' Fizzles