Shares of power-plant operators recouped a modicum of their recent losses as momentum for economically cyclical sectors reversed, buoying demand for defensive, dividend-oriented sectors such as utilities.
Shares of German utility RWE declined after analysts at brokerage Jefferies cut their rating on the company's shares, saying a rally associated with rising power prices had petered out and that policy risks to the company were rising.
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(END) Dow Jones Newswires
January 30, 2018 16:28 ET (21:28 GMT)