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New World Resources Snaps Five-Day Rout as Commodities Advance

March 8 (Bloomberg) -- New World Resources Plc, the biggest Czech coking-coal producer, rose after a five-day selloff as a report that Japan’s economy shrank less than initially estimated boosted demand for commodities worldwide.

NWR gained 2.1 percent to 147.5 koruna as of 9:52 a.m. in Prague, rebounding from an 8.8 percent drop in the previous five sessions. Europe’s benchmark coal derivatives climbed 1 percent to $114.25 a metric ton in the Netherlands.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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