Wednesday, July 31, 2019

ArcelorMittal cuts steel demand outlook on weak Europe

ArcelorMittal cuts steel demand outlook on weak Europe The company also reported a second-quarter core profit (EBITDA) of $1.56 billion, slightly above its compiled consensus of $1.53 billion, but down from $1.65 billion in the first quarter and only about half its earnings of a year earlier.

from Moneycontrol Business News https://ift.tt/2yqG8O3

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...