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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

(END) Dow Jones Newswires

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

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