EmailThe S&P Materials sector (+1.5%) is higher this morning and outperforming with the broader market (+1.0%).
Sector News: REMX +2.5% (Rare earth pricing pressure discussed in report out overnight), SVM +2.2% (Silvercorp Metals reports resource and reserves update at Ying silver-lead-zinc mining district, Henan Province, China), BHP +1.8% (BHP Billiton reports fatality at iron ore operations plant in Australia), CX +1.4% (Celanese engineering unit raises prices for Celanex PBT, Vandar PBT, Impet PET and Riteflex TPC-ET polyesters in the Americas and Europe).
Earnings: ZEP +2.8%, SHLM -1.3%.
Broker Calls: AZK +0.5% (Aurizon Mines downgraded before the open to Underperform from Neutral to at BofA/Merrill), NOR -1.6% (Noranda Aluminum downgraded before the open to Underperform from Neutral at BofA/Merrill).
