Materials Up Amid Rebound in Risk Appetite -- Materials Roundup
Shares of mining companies and other commodities producers ticked up in volatile trading despite losses for industrial-metals prices as traders jumped back into the stock-market sectors perceived as highest risk. The price of copper settled at a two-month low, hurt by a rush out of shares and commodities viewed as risky and an increase in inventories. One brokerage warned that Russian steelmaker shares may have peaked in 2017.
"Steel prices have remained reasonably high since mid-2017 and momentum may turn negative into the second half of 2018," said analysts at brokerage Credit Suisse, in a research note.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
February 09, 2018 16:25 ET (21:25 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.