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Stock impact report

Materials Down Slightly As Sterling Stabilizes Against Dollar -- Materials Roundup [MarketWatch]

Snow Lake Resources Ltd. (LITM) 
Company Research Source: MarketWatch
The surge in the dollar picked up pace earlier this week as the pound sterling plunged in the wake of a poorly received budget plan. But a midweek intervention from the Bank of England has stabilized the British currency for now. Gold futures, which have a relatively strong inverse correlation with the dollar, completed their sixth consecutive month of losses. Lithium miner Snow Lake Resources rallied after it scrapped plans to sell 10 million shares in a follow-on offering. The Federal Trade Commission filed a lawsuit accusing two major farm chemical suppliers -- Swiss firm Syngenta Group and U.S.-based Corteva -- of artificially inflating prices for farmers, broadening the Biden administration's push to rein in big agriculture companies. Write to Rob Curran at rob.curran@dowjones.com Show less Read more
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