Materials Up As Dollar Slips After BOE Rate Hike -- Materials Roundup

Producers of metals and other raw materials rose as the dollar slipped against other currencies.

An unexpected rate hike from the Bank of England buoyed the British pound sterling against the dollar.

The U.S. tally of weekly jobless claims came in stronger than anticipated, spurring bets on industrial metals futures. Outside the U.S., economic data were mixed, suggesting that the spread of Covid-19 is once again weighing on activity.

IHS Markit's eurozone composite purchasing managers index dropped to 53.4 in December from 55.4 in November, according to the flash reading, the lowest reading of services and industrial activity in the common market since March.

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(END) Dow Jones Newswires

12-16-21 1718ET