Chemicals stocks were in focus ahead of the EU summit in Brussels, where discussions were expected to address protective measures against imports of chemical products from China. The German government in particular pushed for measures covering chemicals, machinery and possibly pharmaceuticals. BASF shares gained 1.6%, Lanxess rose as much as 4% and Evonik advanced 1%. Jefferies noted that the EU and China had agreed on protective measures for hybrid vehicles, and similar measures for chemicals were under discussion.
Source: MarketScreener / dpa-AFX
