Chemical companies gain on US-EU trade deal optimism

Eastman Chemical Co

27/05/2025 20:04

** Shares of chemical companies rise in afternoon trade on hopes of U.S.- EU trade deal

** Chemicals stocks were up on optimism for a U.S.- EU trade deal that would greatly reduce the global impact of tariffs on chemicals producers - Morningstar analyst Seth Goldstein

** "For chemicals producers, the largest impact comes secondary drivers, mostly consumers buying fewer goods due to tariff-related inflation and a broader economic slowdown" - Goldstein

** Chemical companies: LyondellBasell LYB.N up 3.1%, Eastman Chemical EMN.N rises 2.3%, Dow DOW.N up 2.2% and Chemours Co CC.N rises 2.7%

** U.S.-listed shares of U.S.-Germany company Linde PLC LIN.O up 1.9%

** Agri-chemical companies: FMC Corp FMC.N up 2.7% and Mosaic MOS.N up 2.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))