by Bloomberg.com | Apr 12, 2024 | alerts, Markets/Economy
Says L’Oreal is fundamentally ‘good company’ but expensive Carmignac fund is long Adidas, Prada and short Nike, Burberry French cosmetic giant L’Oreal has returned close to 12% annually for the past 20 years, but Malte Heininger, manager of Carmignac’s Long-Short...
by Bloomberg.com | Apr 11, 2024 | alerts, Markets/Economy
New Zealand consumer spending was sluggish in the first three months of the year, indicating the economy remains weak. First-quarter retail purchases on credit and debit cards rose 0.1% from the fourth quarter, when they declined 0.9%, Statistics New Zealand said...
by Bloomberg.com | Apr 11, 2024 | alerts, Markets/Economy
Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output. Gross domestic product grew 0.1% in the quarter ended March from the prior...
by Liberty Street Economics | Apr 11, 2024 | alerts, Markets/Economy
Marco Cipriani, Daniel Fricke, Stefan Greppmair, Gabriele La Spada, and Karol Paludkiewicz As shown in a past Liberty Street Economics post, in the United States, the yields of money market fund (MMF) shares respond to changes in monetary policy rates much more than...
by Bloomberg.com | Apr 10, 2024 | alerts, Markets/Economy
Discretionary among most net sold sectors last week: Goldman Retail ETF continues to slide after worst week in over a year Hedge funds are turning more bearish on US stocks and retailers amid uncertainty about how Americans are coping with persistent inflation and...
by Liberty Street Economics | Apr 10, 2024 | alerts, Markets/Economy
Fulvia Fringuellotti and Saketh Prazad Following the Silicon Valley Bank collapse, the stock prices of U.S banks fell amid concerns about the exposure of the banking sector to interest rate risk. Thus, between March 8 and March 15, 2023, the S&P 500 Bank index...
