27 September 2011 10:59 [Source: ICIS news]
LONDON (ICIS)--Stocks in the European chemical sector were lifted by a rally in the global markets on Tuesday on hopes that the International Monetary Fund (IMF) and eurozone leaders will agree on a rescue package for the region’s debt crisis.
The IMF is working on measures to rescue the eurozone and deal with Greece’s spiralling debts.
At 09:00 GMT, the ?xml:namespace>
The Dow Jones Euro Stoxx Chemicals index at 09:09 GMT was trading up by 2.08%, as shares in many of
Top European producers saw gains – Germany-based petrochemical major BASF’s shares had risen 2.08%, while Dutch coatings firm AkzoNobel was up 3.64%.
European share prices tracked gains in Asia and the
North American chemical stocks rose on Monday as the Dow Jones Industrial average increased by 272 points. The index closed at 11,043.86, up 2.53%.
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