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Lanxess gets profit boost as US customers stock up ahead of Trump presidency

German specialty chemicals maker Lanxess said on Monday it expected its fourth-quarter core profit to exceed market expectations by more than 20%, largely due to pre-buying by U.S. customers ahead of Donald Trump’s inauguration given the threat of potential tariffs. Shares in Lanxess, which makes high-end speciality chemicals such as additives, lubricants, flame retardants and plastics, were up 6.4% in afternoon trading. "The fourth quarter was positively influenced by a stronger than expected December, in particular due to customers’ pre-buying," the company said in a statement, flagging that the underlying macroeconomic environment had not improved.

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Dollar dips, stocks creep higher as second Trump term dawns

LONDON/SINGAPORE (Reuters) -The dollar drifted lower and global stocks were cautiously positive on Monday as investors awaited a flurry of policy announcements during the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week. Trump takes the oath of office at noon Eastern Time (1700 GMT), and promised a "brand new day of American strength" at a rally on Sunday.

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