U.S., German Government Spending a Tailwind for European Chemicals -- Market Talk
Dow Jones
Feb 10
0947 GMT - Increased government spending in the U.S. and Germany will drive demand for European chemicals companies, analysts at Goldman Sachs write. Positive economic momentum driven by adaptation to tariffs and surprisingly resilient U.S. manufacturing outlook will also support demand, the analysts say. Falling EU chemicals capacity will constrain supply, while China's move to cut tax rebates for the country's chemicals sector will encourage EU exports, they say. A basket of European chemicals companies gains 2.15%, with Arkema and Symrise leading the sector as they rise 8.5% and 6%, respectively. BASF climbs 4%, while Wacker Chemie rises 5.2%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 04:48 ET (09:48 GMT)
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