1006 GMT - Heidelberg Materials expects to see falling volumes reverse course in Europe although the timing isn't clear, Citi analysts say in a research note. The German building materials group targets a reversal at end of 2025 or beginning of 2026. In the U.S., elevated interest rates continue to weigh on residential demand, and if the rate doesn't come down fairly soon, it would be hard to see a positive effect there before the end of November 2026, the analysts say. Shares trade 2.0% lower at 207 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
August 11, 2025 06:06 ET (10:06 GMT)
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