12 September 2012 11:30 [Source: ICIS news]
LONDON (ICIS)--European chemical stocks rose on Wednesday, in line with financial markets, after ?xml:namespace>
German citizens and lawmakers had brought forward a case calling for the court to block the ESM, stating the mechanism would commit the country to potentially unlimited funding of the weakest eurozone economies.
The maximum lending capacity of the ESM, which is expected to go into effect in October, is €500bn ($641m) and
At 10:12 GMT, the
At the same time, the Dow Jones Euro Stoxx Chemicals index was up by 0.98%, as shares in many of
Chemical producer BASF’s shares had risen by 1.10%, while fellow Germany-based chemical company Bayer’s shares were trading up by 1.34%.
Switzerland-based company Clariant’s shares were trading up by 1.97% from the previous close, French specialty chemical group Arkema’s shares were trading 2.70% higher from the previous close, while Norway-based fertilizer producer Yara International’s shares were trading up by 0.81% on the previous close.
($1 = €0.78)
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