29 June 2012 11:11 [Source: ICIS news]
LONDON (ICIS)--European chemical stocks rose on Friday, in line with financial markets, after leaders agreed at an EU summit to take emergency action to tackle the eurozone crisis.
At 09:45 GMT, the ?xml:namespace>
EU leaders on Thursday announced plans for the creation of a single supervisory body for eurozone banks by the end of the year.
At a two-day summit in
In a statement, the EU said: “We affirm that it is imperative to break the vicious circle between banks and sovereigns.”
The Dow Jones Euro Stoxx Chemicals index at 09:45 GMT was up by 2.03%, as shares in many of
Chemical producer BASF’s shares had risen by 2.41%, while fellow Germany-based chemical company Bayer’s shares were trading up by 2.05%.
Switzerland-based Clariant’s shares were trading up by 2.98% from the previous close, France specialty chemical group Arkema's shares were trading 5.40% higher from the previous close, while Norway-based fertilizer producer Yara International's shares were trading up by 1.66% on the previous close.
Shares of petrochemical companies in
Additional reporting by Pearl Bantillo
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