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The Latest: Visitors pay respects at Columbine memorial

The Latest on events commemorating the 20th anniversary of the Columbine school shooting (all times local):

1:05 p.m.

A steady stream of people are visiting a memorial to the 13 people killed at Columbine High School 20 years ago ahead of a remembrance ceremony in suburban Denver.

Visitors left dozens of single flowers along with cards and seed packets for columbines, the Colorado state flower, on the inner circle of the memorial Saturday.

Sheriff's deputies patrolled the area on foot and by bike on a warm day as little league games went on at nearby fields.

Saturday's events in the suburban area surrounding Columbine end a three-day slate of somber ceremonies honoring the victims and lending support to survivors, the school and victims' families.

This week brought a new burden as federal authorities led a manhunt for a Florida teen "infatuated" with the shooting. She was discovered dead in an apparent suicide Wednesday in the foothills west of Denver.

____

10:30 p.m.

A Colorado community is marking the 20th anniversary of the attack on Columbine High School that killed 13 people and injured 24 others with community service projects and a remembrance ceremony.

Saturday's events end several days of memorial events in the suburban community surrounding Columbine, remembering those killed and lending support to their families, survivors of the attack and the school's students and staff.

The days surrounding the anniversary remain emotionally fraught for survivors of the attack, including those without physical wounds.

This week brought a new burden as federal authorities led a manhunt for a Florida teen "infatuated" with the shooting. The young woman flew to Denver on Monday and purchased a shotgun.

She was discovered dead in an apparent suicide Wednesday in the foothills west of Denver.

Source: Fox News National

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Slovakia to boost defense spending faster than planned: PM

Slovakia's Prime Minister Peter Pellegrini attends a debate on the future of Europe, at the European Parliament in Strasbourg
Slovakia's Prime Minister Peter Pellegrini attends a debate on the future of Europe, at the European Parliament in Strasbourg, France, March 12, 2019. REUTERS/Vincent Kessler/File Photo

April 15, 2019

BRATISLAVA (Reuters) – Slovakia will boost defense spending to 2 percent of gross domestic product by 2022, achieving the NATO goal two years faster than planned, Prime Minister Peter Pellegrini said.

“After raising defense spending to 1.73 percent of GDP this year we expect to reach the 2.0 percent level as early as 2022, compared with the originally planned 2024,” Pellegrini told a foreign policy conference on Monday.

Slovakia, a member of the U.S.-led military alliance since 2004, will spend about 6.5 billion euros ($7.35 billion) by 2030 to modernize its armed forces and reduce its reliance on Russian equipment dating from its Communist past.

It signed a $1.9 billion deal last year to buy 14 U.S.-made F-16 fighter jets to replace its aging Russian-made MiG-29s.

U.S. President Donald Trump has pressed other NATO nations to lift their defense spending beyond the NATO-prescribed 2 percent level.

(Reporting by Tatiana Jancarikova; Editing by Mark Heinrich)

Source: OANN

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Jury finds family of 8 died by murder-suicide in cliff crash

A special coroner's jury in California ruled the deaths of two women and their six adopted children was a murder-suicide after hearing testimony that one of the women had searched death by drowning online and the other deliberately stepped on the gas, sending their SUV plunging off a cliff.

Jurors deliberated for about an hour Thursday before returning the unanimous verdicts that Jennifer and Sarah Hart killed themselves on March 26, 2018, in Mendocino County. The jury decided the six children, 12 to 19, died at the hands of another and not by accident.

Authorities had indicated they believed the crash was deliberate but wanted a jury to make official findings.

A coroner's inquest is generally used in cases involving in-custody deaths or officer-involved shootings where public interest is high and the need for transparency critical, said Mendocino County sheriff's Capt. Gregory L. Van Patten.

The deaths drew national attention, partly because the women were alleged to have abused their children. The body of Devonte Hart, 15, who was black and had gained attention when he was photographed in tears while hugging a white police officer during a 2014 protest in Portland, Oregon, has not been recovered.

Jurors were instructed to choose from four manners of death for each of the eight people: natural causes, suicide, accident or an intentional act by another. They sat through nearly two full days of testimony.

"It is my belief that both Jennifer and Sarah succumbed to a lot of pressure," sheriff's Lt. Shannon Barney said Thursday. "Just a lot of stuff going on in their lives, to the point where they made this conscious decision to end their lives this way and take their children's lives."

The crash happened days after authorities in Washington state opened an investigation into allegations of neglect. The bodies of both women were found in the vehicle, which landed below a cliff located more than 160 miles (250 kilometers) north of San Francisco.

The Hart family had fled their Woodland, Washington, home March 23 after a visit from social workers that day.

Jennifer Hart searched suicide, drowning, Benadryl dosages and overdose methods on the internet throughout the drive to California, said California Highway Patrol investigator Jake Slates. She also queried whether death by drowning would be painful. Authorities recovered the deleted searches from her phone.

"They both decided that this was going to be the end," Slates said. "That if they can't have their kids that nobody was going to have those kids."

The bodies of siblings Markis, Jeremiah and Abigail were found the same day near the car. Weeks later, the body of Ciera Hart was pulled from the Pacific Ocean. Hannah Hart was eventually identified through a DNA match.

Slates said that Jennifer Hart, who rarely drank, had a blood alcohol level over the legal limit and may have been "drinking to build up her courage." Sarah Hart had 42 doses of generic Benadryl in her system and the children also had high amounts of the sleep-inducing drug in their bodies, he said.

A neighbor of the Harts had filed a complaint with the state, saying the children were apparently being deprived of food as punishment. No one answered when social workers went to the family's home.

A witness who was camping by their vehicle says he heard their car rev up and peal out around 3 a.m. March 26.

Sarah Hart pleaded guilty in 2011 to a domestic assault charge in Minnesota over what she said was a spanking given to one of her children. Oregon child welfare officials also investigated the couple in 2013, but closed the case without taking any action.

Source: Fox News National

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Poll: Most Americans Say Trump Makes Race Relations Worse

More than half of Americans say President Donald Trump has made race relations worse during his time in the White House, and more than two-thirds believe it has become more common for people to say racist things since he won the White House.

This is according to a Pew Research Center poll released Tuesday that asked Americans their feelings about race in the United States.

Almost 3 out of 5 Americans, or 58%, say race relations in the U.S. are generally bad, and 56% of those in the Pew Research Center's "Race in America 2019" survey said Trump has made race relations worse.

Only one-fourth, or 25%, said former President Barack Obama, a Democrat and the country's first black president, made race relations worse.

Roughly two-thirds of Americans, or 65%, also say it has become more common for people to express racist views since Trump took office.

"One of the key takeaways is that Americans have a negative view of the country's racial progress and the current state of race relations," said Juliana Menasce Horowitz, Pew's associate director of research and one of the report's authors.

Trump, a Republican, has been dogged by racial turmoil during his time in office, including the deadly violence in Charlottesville, Virginia, during a protest against a Confederate statue and the administration's reaction to illegal immigration at the United States-Mexico border.

But the White House says Trump has regularly denounced racism.

"The president has been incredibly clear and has consistently and repeatedly condemned hatred, bigotry, racism in all of its forms whether it's in America or anywhere else," White House press secretary Sarah Sanders said last month. 

There were major differences in how people of different races answered questions about race in the United States.

For example, while more than 3 in 5 Americans, or 63%, said they think that the United States' legacy of slavery affects the position of black people in the country, 84% of African Americans agreed with that statement and 58% of white Americans agreed with it.

The gulf increased when Americans were asked whether the country has gone far enough in giving black people rights equal to those of white people. Overall, more than 2 in 5 Americans, or 45%, said they believe that the United States hasn't gone far enough, but 78% of black people agreed with that while only 37% of white people thought that statement was true.

Also, 50% of African Americans surveyed thought that it was not too likely or not at all likely that African Americans would eventually have equal rights in the United States.

Only 7% of white people thought it was unlikely that black people would achieve racial equality.

More than half of black people, or 52%, said being black has hurt their ability to get ahead in the United States, with 18% saying it has hurt a lot. About a quarter of Hispanics and Asians, 24% each, said that their race or ethnicity has hurt their ability to get ahead, while only 5% of white people thought their race hurt their ability to advance in this country.

Black people thought that racial discrimination was the top thing holding them back in the United States, followed by less access to high-paying jobs and less access to good schools. White people agreed on the causes, but more of them thought education was the top issue.

"One of the takeaways from this is how different people's perspectives on race are in the United States, how people bring their own experiences into these questions and how divided this country is by race and by (political) party," Horowitz said.

The poll of 6,637 Americans was conducted Jan. 22 to Feb. 5 with a margin of error of plus or minus 1.7 percentage points.

Source: NewsMax America

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Powerful, deadly storms sweep across the South

Powerful storms that killed at least three people swept across the South on Sunday after spawning suspected tornadoes that left more than 20 people injured and multiple homes and businesses damaged or without power.

One person was killed in northeastern Mississippi when a tree crashed onto his trailer, Monroe County Road Manager Sonny Clay said at a news conference, adding that a tornado had struck. Another 19 were taken to hospitals, including two who were in critical condition.

A tornado was reported in the area 140 miles (225 kilometers) southwest of Memphis, Tennessee, at the time.

National Weather Service meteorologist John Moore said a possible twister touched down Saturday in the Vicksburg, Mississippi, area. No injuries were reported there, but officials said several businesses and vehicles were damaged. Trees were down throughout the hilly city on a bluff overlooking the Mississippi.

The roof of a hotel in New Albany, Mississippi, was damaged, although the cause was unclear. Mississippi State University's 21,000 students huddled in basements and hallways as a tornado came near the school's campus in Starkville.

University spokesman Sid Salter said some debris, possibly carried by the tornado, was found on campus, but no injuries were reported and no buildings were damaged. Trees were down and at least some minor damage was reported in residential areas east of the campus.

Heavy rains and storms raked the Magnolia State into the night, then moved into Alabama. A possible tornado knocked out power and left damage in Troy, about 50 miles (80 kilometers) south of Montgomery. A mobile home community was damaged, but no injuries were reported.

In East Texas, two children were killed when a pine tree fell onto the back of the car in which they were riding in a severe thunderstorm Saturday. The car was on a back country road in Pollok, Texas, about 150 miles (241 kilometers) southeast of Dallas.

The tree "flattened the car like a pancake," said Capt. Alton Lenderman of the Angelina County Sheriff's Office. The children, ages 8 and 3, were dead at the scene, although both parents, who were in the front seat, escaped injury, he said.

The large storm system also knocked out power to thousands and caused flash floods. More than 140,000 customers lost power in Texas, Mississippi, Louisiana, and Arkansas as of late Saturday.

A tornado hit the small Central Texas city of Franklin, overturning mobile homes and damaging other residences, said Robertson County Sheriff Gerald Yezak. Franklin is about 125 miles (200 kilometers) south of Dallas.

The weather service said preliminary information showed an EF-3 tornado touched down with winds of 140 mph (225.3 kph). Crews were sent to survey the damage.

Two people were hospitalized for injuries not thought to be life-threatening, while others were treated at the scene for minor injuries, Yezak said. Some people had to be extricated from their homes.

Downed trees and damage to buildings and a transmission tower were reported, said meteorologist Monique Sellers.

Winds of up to 60 mph (96.56 kph) were reported in Cherokee County, Texas, damaging two homes in Alto, about 140 miles (225 kilometers) north of Houston, but no injuries were reported.

The forecast of severe weather forced officials at the Masters in Augusta, Georgia, to begin the tournament early Sunday, starting threesomes off the first and 10th tees on the day's final round in hopes of finishing in midafternoon before the winds and rains begin.

Source: Fox News National

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Aerion designing supersonic jet to run completely on biofuels: CEO

FILE PHOTO: A logo of supersonic jet maker Aerion Corporation is pictured on their booth during EBACE in Geneva
FILE PHOTO: A logo of supersonic jet maker Aerion Corporation is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse

March 29, 2019

By Allison Lampert

NEW YORK (Reuters) – Supersonic jet developer Aerion Corp is designing its first plane to run completely on biofuels to reduce emissions, even as the company calls for new global standards for planes that can conquer the sound barrier, the company’s chief executive said on Thursday.

Aerion’s business jet AS2, with a $120 million list price per jet, would be capable of running on synthetic paraffinic kerosene (SPK) biofuel, CEO Tom Vice said at a Wings Club event in New York.

Existing subsonic aircraft use a blend of biofuels and conventional jet kerosene to ensure the quality of the fuel does not harm the engine. Aerion’s plane would have an engine designed with seals that could handle the biofuel, he said.

“We believe that running biofuels will reduce our CO2 emissions by at least 40 percent,” Vice said.

Aerion and fellow supersonic plane makers Spike Aerospace and Boom Supersonic are working to reintroduce ultra-fast passenger planes for the first time since the Anglo-French Concorde retired in 2003.

Aerion, which recently secured an undisclosed investment from U.S. planemaker Boeing Co, has said the AS2 would fly at speeds of up to Mach 1.4, or about 1,000 miles (1,610 km) per hour, 70 percent faster than conventional business jets.

Its first flight is slated for 2023.

Today’s supersonic jets, while quieter and more fuel efficient than the Concorde, have difficulty meeting noise levels and carbon emissions standards for conventional planes due to engine constraints and higher fuel burn.

The United States has been pushing for the creation of new global rules on noise for supersonic jets, but faces opposition from Europe which wants these aircraft to meet the same standards as existing planes.

The United Nations’ aviation agency, the International Civil Aviation Organization (ICAO), which sets global standards that are usually adopted by its 192 member countries, has said it would study supersonic jets. It has not committed to creating new standards for the planes.

“We definitely want to see differences between subsonic and supersonic standards,” Vice said. “There are differences between the airplanes.”

Aerion’s AS2 would meet noise levels for subsonic planes, but not the carbon standard for emissions.

“For CO2 they haven’t set the standard for supersonic. So all we have is the subsonic standard. AS2 has a higher fuel burn so we won’t meet that standard,” he said.

Creating an engine capable of running on biofuels would lower emissions, although there is a limited supply of such fuel available, he said.

(Reporting by Allison Lampert; Editing by Phil Berlowitz)

Source: OANN

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US durable goods orders fall 1.6% in February

Orders to U.S. factories for big-ticket manufactured goods fell 1.6% in February, the biggest drop in four months, reflecting a plunge in the volatile commercial aircraft category. Demand in a key sector used to track business investment decisions also declined in February.

The Commerce Department said Tuesday that the February decline came after a small 0.1% rise January and was the weakest showing since a 4.3% fall in October. Orders in a category that serves as a proxy for business investment plans edged down 0.1% in February after a 0.9% advance in January.

The manufacturing sector has been strained for the past few months, reflecting a global economic slowdown and rising trade tensions which have hurt U.S. exports. But there have been more hopeful signs recently.

Source: Fox News National

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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