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Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
10:15 AM MDT | July 31, 2007 | Chemical Week Editorial Staff
The CW75 index was flat for the week ended June 6, in line with the broader stock market. U.S. stocks slipped during the week because of concerns about interest rate hikes and inflation, analysts say. The European Central Bank raised its interest rate target. Basic chemical shares rose 1.6%, diversified chemical stocks fell by almost 1%, and specialty chemical shares were flat. North American basic chemical producers are benefitting from strong export demand, says Kevin McCarthy, analyst at Bank of America (New York). North American demand, however, remains weak...
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