03 March 2008 11:43 [Source: ICIS news]
LONDON (ICIS news)--European chemical stocks were hit in early Monday trading as markets in Europe and Asia tumbled over renewed fears of a US recession.
Europe’s Dow Jones Stoxx chemical index was down 1.82% while the overall Dow Jones Index fell 2.51%. The FTSE index was down 1.12%.
Dutch chemical company Akzo Nobel's shares were down 0.55% at €48.15 on the Euronext.
European chemical companies stocks dit not match the falls of up to 6% of many of their Asian counterparts.
But while fears of a ?xml:namespace>
“Simply put, the current
“Even if the
The rise of Asia and an improving picture elsewhere, including regions such as Latin America, have reduced overall dependence on the US as the leader for global growth, said S&P.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections