Materials Down As Dollar Rises Against Sterling -- Materials Roundup

Features Dow Jones Newswires

Shares of commodities producers fell as the dollar rebounded against some currencies. Sterling fell sharply after the Bank of England kept interest rates steady.

Continue Reading Below

A run-up in steel producer stocks in July may level off in August, according to one brokerage.

"After an 18% rise in the carbon steel sector since [mid-June], we must flag the risks that seasonally August and September are often two weaker months of the year - and there are a number of reasons to suspect this could be the case again this year," said analysts at brokerage Credit Suisse, in a research note. "The least is that Chinese demand comps will get tougher in the second half of this year."

As part of a nearly two-year court dispute, a plaintiffs' law firm this week released hundreds of pages of Monsanto employee emails and company documents concerning glyphosate, a herbicide that has drawn new scrutiny over its alleged potential to cause cancer.

(-By Rob Curran,

(END) Dow Jones Newswires

Continue Reading Below

August 03, 2017 16:25 ET (20:25 GMT)