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(ICIS) -- European chemical company share
prices showed slight gains as global markets steadied after a week of sell-offs,
while oil and chemical commodity prices also rose slightly early on
Wednesday.
Falling prices in markets across the world were halted by the US central
bank’s decision to keep interest rates in the world’s biggest economy at
historic lows.
Despite a raft of strong second-quarter results, chemical firms’ shares
prices had followed most world stock markets downwards in the week to 9 August,
on the back of concerns over fiscal stability in the US and Europe and fears
that major Western economies could be facing a double-dip recession.
However, stocks and commodities rallied on Tuesday and Wednesday after
the US central bank, the Federal Reserve, announced that it would keep interest
rates at historic lows near 0% for at least two more years, with policy makers
in Europe and Asia likely to follow suit.
mrcplast.com | 
