Hedge funds buy luxury, short drink and driving in Europe, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds have turned optimistic about European companies that sell things people want but don’t necessarily need, especially luxury goods, according to a Goldman Sachs note on Wednesday seen by Reuters on Thursday. Consumer discretionary
US weekly jobless claims increase marginally
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting that solid job growth likely continued in January. Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 223,000 for
Freeport-McMoRan beats fourth-quarter profit estimates
(Reuters) -Miner Freeport-McMoRan (NYSE:FCX) beat fourth-quarter profit estimates on Thursday, helped by higher copper prices. Average copper prices rose in the fourth quarter, helped by signs of more stimulus in top consumer China, falling inventories and as U.S. job growth accelerated
Mexico annual inflation hits lowest level in nearly four years
(Reuters) – Mexico’s annual inflation rate slowed to its lowest level in almost four years in the first half of January, official data showed on Thursday, settling under 4% and bolstering bets the central bank will continue to lower borrowing
EU Commission investigates depth of EU safety net for stablecoin holders
By Valentina Za MILAN (Reuters) – The European Commission is investigating the extent to which EU rules on crypto assets protect the redemption rights of the bloc’s investors in identical e-money tokens (EMTs), the value of which is pegged to that