Materials Higher as Bunge Deal Speculation Boosts Sector -- Materials Roundup

FeaturesDow Jones Newswires

Shares of mining companies and other commodities producers rose amid deal activity.

Shares of agriculture company Bunge surged after The Wall Street Journal reported that Swiss commodities giant Glencore offered to buy the company as an entry into the U.S. agricultural sphere.

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One brokerage said Brazilian steel company Gerdau could soon see a rebound in its shares. "Global macro data -- from lower risk of a price correction in Brazil to stronger construction demand in China -- supports a better outlook for long steel (Gerdau's market) versus flat steel," said analysts at brokerage Morgan Stanley in a research note.

Rob Curran,

(END) Dow Jones Newswires

May 23, 2017 17:10 ET (21:10 GMT)