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Materials Up on China Stimulus Hopes — Materials Roundup

Producers of metals and other raw materials rose on hopes of further stimulus in China and reports that President Donald Trump was considering cuts on capital-gains taxes.

"Based on what I know, China will introduce important measures to ease the negative impact of the trade war," tweeted Hu Xijin, editor-in-chief of the Communist Party-run Global Times, as reported earlier.

Risky areas of the stock market gained Wednesday because of a combination of bullish factors, said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund: "Hopes again for a trade deal, monetary stimulus in China and, possible tax cut in the U.S."

Interest-rate sensitive gold futures rose after Mr. Trump's tweet calling for the Federal Reserve to cut interest rates to "ZERO, or less."

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

September 11, 2019 16:44 ET (20:44 GMT)

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