Materials Flat on Trade-Policy Fears -- Materials Roundup

Dow Jones2025-03-28

Producers of metals and other raw materials were flat as traders awaited further developments on global trade negotiations.

Cyclical sectors are under pressure due to fears that tariffs will revive inflation.

"Still-high inflation and interest rates, combined with signs of slowing economic growth, are creating a bumpy, higher elevation environment," said strategists at Nuveen, in a note to clients.

Economic data are generally positive, however, with the final reading of the fourth-quarter gross domestic product showing 2.4% growth and weekly unemployment claims holding steady.

Soybeans futures rose after President Trump called on oil companies and biofuels producers to reach a consensus on the rules for blending biofuel into gasoline for automotive fuel.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 27, 2025 16:44 ET (20:44 GMT)

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