|Day Low/High||26.00 / 26.46|
|52 Wk Low/High||16.65 / 28.11|
Executives of 25 U.S. steel and steel-related firms wrote to the President on Wednesday, saying the industry is languishing from government inaction.
U.K. labour market data and eurozone GDP were both solid.
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Metals prices and mining stocks were among the greatest beneficiaries of improving sentiment toward the global economy.
Corporate earnings dissapointments soured the mood among Europe's investors.
Higher inflation and, in some parts, solid corporate earnings were both factors on Monday.
European benchmarks held gains much of Thursday.
Price action came despite losses in commodity markets and after the G20 event drew to a close in Hamburg without geopolitical upset.
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.
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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.
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