0850 GMT - BASF's near-term earnings guidance is surprisingly resilient despite headwinds from tariff and gas costs, Berenberg analyst Sebastian Bray says in a note. The German company saw strong 4Q results in upstream chemicals, he notes. Policy shifts in Germany, China, and the U.S. could further benefit the chemicals sector, particularly with potential German electricity fee reductions as part of a new government, the analyst says. While 2025 volume growth might be subdued due to likely higher tariffs in the U.S., 2026 should see tailwinds from lower gas prices and the company's new Chinese site, he says. BASF's shares rise 0.6% at 42.70 euros. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
January 02, 2025 03:51 ET (08:51 GMT)
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