Bad Mood

The bulk of third-quarter earnings for U.S. chemical makers will be reported this week, but industry attention will be focused more on what lies ahead rather than actual results. Surging recession fears as the global credit crunch worsens have sent share prices into a free fall in recent weeks, and the darkening mood has also depressed share prices for chemical makers. Global indicators are also dimming, further increasing anxieties about a deep recession. The Organisation for Economic Cooperation and Development’s (OEDC; Paris) composite leading economic...

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