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Basic Materials Headlines

GLOBAL MARKETS-Stocks stumble as U.S. yields near 3 percent

World stocks slipped on Monday as investors braced for a blizzard of earnings from the world's largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries hit its highest level since January 2014 at 2.9790 percent in early European trade, as the spread over the German equivalent briefly touched its widest level in 29 years.

China March scrap metal imports fall 24.6 pct - customs

China's scrap metal imports in March fell by 24.6 percent from the same time a year ago as new curbs on foreign solid waste came into effect for the first time, while waste paper imports slid by 54.2 percent and the country imported zero plastic.