The Chinese stock market clearly went down on Monday. Investors responded to comments from policymakers in China who seem to indicate that certain incentive measures may be scaled back somewhat as the country’s economy shows signs of stabilization.
Chemical giant DowDupont gives a warning about its quarterly results for the second time in a short time. The sales and profits of the agricultural division are even lower than expected due to flooding in the American Midwest. At the end of March, the group also issued a profit alarm due to bad weather.
Snack and soft drink producer PepsiCo closed the first quarter of the year with more profit on higher sales. The company was particularly surprised with the sale of snacks. The American company benefited from the extra efforts it made to market this group of products. There is also an increasing demand for healthier snacks.