Industrials Up on Trade-Deal Hopes -- Industrials Roundup

Published: 2025-06-09 17:41:08 ET CR

Published on 06/09/2025 at 17:41

Shares of industrial and transportation companies rose amid optimism about trade negotiations.

Chinese and U.S. delegations met in London to discuss controls on rare-earth minerals and other exports.

Ireland's manufacturing output fell sharply in April, a new sign that the eurozone economy is slowing after a strong start to the year as U.S. businesses stockpiled goods ahead of expected tariff increases.

Industrial-equipment maker Crane agreed to buy oil-services giant Baker Hughes' sensor-based technologies company for about $1.15 billion in cash.

Transpacific freight rates fell by around 20% last week as a backlog of Chinese exports that kept boxships busy during the three-month tariff truce between Washington and Beijing cleared up faster than expected. In a good sign for Chinese economic activity, retail sales of passenger cars rose 13% in May from a year earlier to 1.93 million vehicles, data from the China Passenger Car Association showed.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

06-09-25 1740ET