Metals Stocks Outlook For The Week - 21 To 25.01.2019
Shares of metal and mining companies are likely to trade with a positive bias next week on hope that trade tensions between the world's two largest economies the US and China may ease. Trade officials in the US are considering easing import tariffs on Chinese goods. China is the world's largest producer and consumer of most base metals and steel, and growing trade tensions, along with concerns of a slowdown in demand globally have weighed on prices of metals in the recent past. Hindustan Zinc will also be in focus next week as it is scheduled to announce earnings for the December quarter on Monday. The company's net profit is seen surging nearly 14% on quarter
to 20.63 bln rupees led by higher volumes of zinc and lead, and better prices of zinc.
Source : Cogencis Information Services Ltd.
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Shares of metal and mining companies are likely to trade with a positive bias next week on hope that trade tensions between the world's two largest economies the US and China may ease. Trade officials in the US are considering easing import tariffs on Chinese goods. China is the world's largest producer and consumer of most base metals and steel, and growing trade tensions, along with concerns of a slowdown in demand globally have weighed on prices of metals in the recent past. Hindustan Zinc will also be in focus next week as it is scheduled to announce earnings for the December quarter on Monday. The company's net profit is seen surging nearly 14% on quarter
to 20.63 bln rupees led by higher volumes of zinc and lead, and better prices of zinc.
Source : Cogencis Information Services Ltd.
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