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Basic Materials Roundup: Market Talk
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0702 ET – Comments from Henkel’s management alongside its first-quarter results highlight the importance of hair and relative weakness of laundry within its portfolio, analysts at Barclays say. It appears that the German chemical and consumer-goods company is trying to dilute laundry in their portfolio, they add. Hair products were the main draw of investor attention and gave reassurance for consumer brands. Overall, management stood behind the quality of the results despite a volatile macroeconomic backdrop, they say. Shares are up 4.6% at 66.22 euros. (aimee.look@wsj.com)
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