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Brother of Iran's president goes on trial for corruption

The trial has begun for Iranian President Hassan Rouhani's brother and close confidante, who faces corruption allegations brought by hard-liners who dominate the country's judiciary.

The semi-official ISNA news agency reported that Hossein Fereidoun, who was on the team that negotiated Iran's 2015 nuclear agreement with world powers, went on trial Tuesday with four other defendants. They are charged with financial misconduct dating back to 2016.

Earlier this month, hard-line Iranian lawmakers called on the judiciary to expedite the trial. Fereidoun spent the night in prison in 2017 but has since been free on bail.

Rouhani, a relative moderate within Iran's political system, changed his surname decades ago.

Iran has jailed allies of former presidents for similar charges.

Source: Fox News World

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Jetliner crashes in Ethiopia, killing 157 from 35 countries

A jetliner carrying 157 people crashed shortly after takeoff from the Ethiopian capital Sunday, killing everyone aboard and carving a crater into the ground, authorities said. At least 35 nationalities were among the dead.

It was not clear what caused the Ethiopian Airlines plane to go down in clear weather. The accident was strikingly similar to last year's crash of a Lion Air jet that plunged into the Java Sea, killing 189 people. Both crashes involved the Boeing 737 Max 8, and both happened minutes after the jets became airborne.

The Ethiopian pilot sent out a distress call and was given clearance to return to the airport, the airline's CEO told reporters.

At the crash site, the impact caused the plane to shatter into small pieces. Personal belongings and aircraft parts were strewn across the freshly churned earth. Bulldozers dug into the crater to pull out buried pieces of the jet.

Red Cross teams and others searched for human remains. In one photo, teams could be seen loading black plastic bags into trucks.

As sunset approached, crews were still searching for the plane's flight-data recorder, the airline's chief operating officer said.

Worried families gathered at the flight's destination, the airport in Nairobi, the capital of neighboring Kenya.

Agnes Muilu said he came to pick up his brother. "I just pray that he is safe or he was not on it," he said.

Relatives were frustrated by the lack of word on loved ones.

"Why are they taking us round and round. It is all over the news that the plane crashed," said Edwin Ong'undi, who was waiting for his sister. "All we are asking for is information to know about their fate."

The accident is likely to renew questions about the 737 Max, the newest version of Boeing's popular single-aisle airliner.

Indonesian investigators have not determined a cause for the October crash, but days after the accident Boeing sent a notice to airlines that faulty information from a sensor could cause the plane to automatically point the nose down. The notice reminded pilots of the procedure for handling such a situation.

The Lion Air cockpit data recorder showed that the jet's airspeed indicator had malfunctioned on its last four flights, though the airline initially said problems with the aircraft had been fixed before it left the Indonesian capital of Jakarta.

Safety experts cautioned against drawing too many comparisons between the two crashes until more is known about Sunday's disaster.

The Ethiopian Airlines CEO "stated there were no defects prior to the flight, so it is hard to see any parallels with the Lion Air crash yet," said Harro Ranter, founder of the Aviation Safety Network, which compiles information about accidents worldwide.

The airline published a photo showing its CEO standing in the wreckage.

The Ethiopian plane was new, having been delivered to the airline in November.

State-owned Ethiopian Airlines is widely considered the best-managed airline in Africa and calls itself Africa's largest carrier. It has ambitions of becoming the gateway to the continent and is known as an early buyer of new aircraft.

"Ethiopian Airlines is one of the safest airlines in the world. At this stage we cannot rule out anything," CEO Tewolde Gebremariam said.

The airline said 149 passengers and eight crew members were thought to be on the plane.

Ethiopian Airlines issued a list showing 35 nationalities among the dead, including 32 Kenyans and 18 Canadians. The list reflected a broad range of backgrounds, with passengers from China, the United States, Saudi Arabia, Nepal, Israel, India and Somalia. Several countries lost more than five citizens.

Some of those aboard were thought to be traveling to a major United Nations environmental meeting scheduled to start Monday in Nairobi.

The plane crashed six minutes after departing, plowing into the ground at Hejere near Bishoftu, or Debre Zeit, some 50 kilometers (31 miles) south of Addis Ababa, at 8:44 a.m.

The jetliner showed unstable vertical speed after takeoff, air traffic monitor Flightradar 24 said in a Twitter post.

The Addis Ababa-Nairobi route links East Africa's two largest economic powers and is popular with tourists making their way to safaris and other destinations. Sunburned travelers and tour groups crowd the Addis Ababa airport's waiting areas, along with businessmen from China and elsewhere.

The jet's last maintenance was on Feb. 4, and it had flown just 1,200 hours. The pilot was a senior aviator, joining the airline in 2010, the CEO said.

The Boeing 737 Max 8 was one of 30 being delivered to the airline, Boeing said in a statement in July when the first was delivered.

Boeing said a technical team was ready to provide assistance at the request of the U.S. National Transportation Safety Board.

The last deadly crash of an Ethiopian Airlines passenger flight was in 2010, when a plane went down minutes after takeoff from Beirut, killing all 90 people on board.

African air travel, long troubled and chaotic, has improved in recent years, with the International Air Transport Association in November noting "two years free of any fatalities on any aircraft type."

Ethiopian officials declared Monday a national day of mourning.

Sunday's crash comes as the country's reformist prime minister, Abiy Ahmed, has vowed to open up the airline and other sectors to foreign investment in a major transformation of the state-centered economy.

Ethiopian Airlines' expansion has included the recent opening of a route to Moscow and the inauguration in January of a new passenger terminal in Addis Ababa to triple capacity.

Speaking at the inauguration, the prime minister challenged the airline to build a new "Airport City" terminal in Bishoftu — where Sunday's crash occurred.

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Yidnek reported from Bishoftu, Ethiopia.

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Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

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U.S. lawmakers say Trump-era transatlantic rift mere family ‘squabbles’

U.S. Speaker of the House of Representatives Nancy Pelosi attends a news conference in Brussels
U.S. Speaker of the House of Representatives Nancy Pelosi attends a news conference following the NATO Parliamentary Assembly in Brussels, Belgium, February 19, 2019. REUTERS/Yves Herman

February 19, 2019

BRUSSELS (Reuters) – A delegation of U.S. lawmakers sought to reassure European allies in Brussels on Tuesday that differences over President Donald Trump’s policies were mere “family squabbles” and transatlantic ties remain strong.

U.S. Speaker of the House Nancy Pelosi cast the visit by a 50-strong delegation to Europe as proof of enduring bonds despite anger in European capitals over what is seen as Trump’s disregard for their interests.

“It is about one word: it is about respect,” Pelosi told reporters, stressing that the delegation was the largest yet to attend the Munich Security conference over the weekend.

Misgivings over Washington’s leadership on foreign policy issues was on full display at the conference of world leaders, with anxiety mounting over division in the West on how to deal with threats ranging from nuclear arms to climate change.

“Like in a family, there are ups and downs,” congressman Eliot Engel, chairman of the foreign affairs committee said. “Things sometimes are bumpy, but they straighten out.”

Referring to unease in transatlantic ties, congressman Gregory Meeks remarked: “We may have a squabble but those squabbles will dissolve.”

The European Union and the United States have traditionally been the closest of allies, working together also via NATO.

Trump, however, has lambasted his European peers for not spending enough on defense, raising doubts among many in Europe about his commitment to the Western military alliance and Europe’s broader security.

Speaking in Brussels, Pelosi pointed to bipartisan support for NATO after the U.S. House of Representatives last month approved legislation aimed at stopping Trump from withdrawing the United States from military alliance.

“I don’t think there is any difference between democrats and republicans on our relationship with NATO,” she said.

(Reporting by Clare Roth and Alissa de Carbonnel, Editing by William Maclean)

Source: OANN

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Italy court to decide after April 30 over suspension request in Vivendi-Mediaset row: source

The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau

March 12, 2019

MILAN (Reuters) – An Italian court will decide after April 30 on French media group Vivendi’s request to suspend a lawsuit over a damage request from broadcaster Mediaset, a legal source said on Tuesday.

Mediaset is seeking 3 billion euros ($3.4 billion) in damages from Vivendi after the French group backtracked on a deal to buy Mediaset’s pay-TV unit Premium in July 2016.($1 = 0.8770 euros)

(Reporting by Elvira Pollina; writing by Maria Pia Quaglia, editing by Valentina Za)

Source: OANN

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Berlin transit agency offers women’s discount on Equal Pay Day

FILE PHOTO: German rail workers hold nationwide strike
FILE PHOTO: Commuters wait on the platform for an U-Bahn underground train at Alexanderplatz station during a rail workers' strike across the country due to a pay dispute with Deutsche Bahn in Berlin, Germany, December 10, 2018. REUTERS/Fabrizio Bensch/File Photo

March 13, 2019

BERLIN (Reuters) – Berlin’s BVG transit authority said it will offer women a 21 percent discount on Monday to mark Equal Pay Day and call attention to one of the highest gender pay gaps in Europe.

“Women in Germany earn 21 percent less than men. Time to do something about it,” the BVG transit authority said, adding that Germany’s gender pay gap is the second highest in Europe, behind only Estonia. The gap is less than 5 percent in Italy.

Earning that much less means that a woman would have to work 442 days to earn as much as a man earned in 365. Counting the difference – 77 days – means women essentially work for free until March 18 each year.

The transit agency said it was working to boost women’s share of its workforce to 27 percent from the current 20 percent, and already ensured equal pay for women and men in all job categories.

“Our goal with this campaign is mainly to call attention to the problem, and to stand for pay equity as a company,” it said on its website.

A number of businesses in Berlin, including photo shops, opticians and the Ellington Hotel, will offer women a 21 percent discount on goods and services on March 18.

(Reporting by Andrea Shalal and Swantje Stein, editing by Ed Osmond)

Source: OANN

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Pompeo extends ban on U.S. lawsuits against foreign firms in Cuba

FILE PHOTO: Pompeo testifies in House Appropriations Subcommittee hearing
FILE PHOTO: U.S. Secretary of State Mike Pompeo testifies at a House Appropriations Subcommittee hearing on the State Department's budget request for 2020 in Washington D.C., U.S. March 27, 2019. REUTERS/Erin Scott

April 3, 2019

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday extended by two weeks to May 1 a ban on U.S. lawsuits against foreign firms doing business in Cuba.

He did not give a reason for the extension.

The administration of President Donald Trump announced on March 4 it would allow lawsuits by U.S. citizens against dozens of Cuban companies on Washington’s blacklist.

However, it stopped short of the more severe step of allowing legal action against foreign firms who had used property confiscated by the Cuban government since the 1959 revolution – though it left the door open to doing so in the future.

The move marked an intensification of U.S. pressure on Cuba and also appeared aimed at punishing Havana over its support for Venezuela’s socialist president, Nicolas Maduro.

A complete lifting of the ban could let potentially billions of dollars in legal claims move forward in U.S. courts and likely antagonize Canada and European partners, whose companies have significant business holdings in Cuba.

State Department spokesman Robert Palladino urged companies doing business in Cuba to examine whether they “trafficked” in confiscated property.

“Secretary of State Michael R. Pompeo announced his decision to continue for two weeks, from April 18 through May 1, 2019, the current suspension with an exception of the right to bring an action under Title III of the 1996 Cuban Liberty and Democratic Solidarity (LIBERTAD) Act,” Palladino said.

Trump’s administration first announced in January a 45-day review of the matter.

(Reporting by Lesley Wroughton, Editing by Rosalba O’Brien)

Source: OANN

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Mollie Hemingway: Focusing on potential avocado shortage from border shutdown proves how ‘unserious’ media is

Mollie Hemingway, Fox News Contributor and senior editor at "The Federalist," argued media concern over a potential avocado crisis if President Trump shuts down the Mexico border shows “how unserious” the media is about the “very big issue.”

According to the latest data from the United States Department of Agriculture, about half of all imported U.S. vegetables and 40 percent of imported fruit are grown in Mexico. Americans would run out of avocados in three weeks if imports from Mexico were stopped.

TRUMP DOUBLES DOWN ON THREAT TO CLOSE THE BORDER: 'THIS IS A NATIONAL EMERGENCY!' 

“Some people when they look at our border crisis they’re worried about rule of law, they’re worried about national sovereignty, they’re worried about a humanitarian crisis or the drugs that are flowing over the border and those are very serious concerns,” Hemingway said on Fox & Friends Wednesday.

“Also, the economic impact from a possible shutdown is serious, but when the media focuses on whether they are going to get their breakfast with avocado toast instead of these bigger pressing issues, it just shows how unserious they are of this very big issue.”

On Wednesday, Trump tweeted: "Congress must get together and immediately eliminate the loopholes at the Border! If no action, Border, or large sections of Border, will close. This is a National Emergency!"

He also stood by the threat Tuesday, warning he was still open to closing the border but did acknowledge that Mexico had "made a big difference" and had increased its efforts to stop Central Americans from traveling north.

"We're going to have a strong border or we're going to have a closed border," the president told reporters in the Oval Office Tuesday. "We're going to see what happens."

According to Senate Majority Leader Mitch McConnell, closing the border completely would disrupt manufacturing supply lines and the flow of goods ranging from avocados to cars, making for a "potentially catastrophic economic impact."

NEWT GINGRICH URGES TRUMP NOT TO SHUT DOWN BORDER: 'IT WOULD TRULY BE A MESS' 

The president brushed off concerns Tuesday about what impact shutting down the border would have on the economy, saying that national security was more important.

“There are so many people flowing over the border, there are so many people flowing across the parts of the border that are not currently guarded, that they need to shut down the ports of entry to monitor those areas and also the flow of drugs there,” Hemingway said on "Fox & Friends."

“The other issue is that sometimes you want to have a little bit of hurt so that people are incentivized to do something about the situation.”

She added: “Facing economic consequences for not taking this problem seriously or not doing enough to stop it, is one of the ways that you can make people care more about it.”

On Friday, Trump threatened to close the border this week if Mexico doesn’t stop the flows of illegal immigration into the U.S. The threat came after new numbers showed that more than 76,000 migrants were detained in February -- the highest number of apprehensions in 12 years. U.S. Customs and Border Protection Commissioner Kevin McAleenan said that the border was at its “breaking point.”

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The Associated Press contributed to this report.

Source: Fox News Politics

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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)

Source: OANN

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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)

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