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  • Jan 12, 2025

Hedge funds increased bearish bets ahead of Friday's blowout US jobs report, banks say

Global hedge funds added more bets against U.S. stocks over the last week through Jan 9, ahead of a blowout U.S. jobs report that sparked a sell-off on Wall Street, Morgan Stanley and Goldman Sachs said in notes on Friday. The U.S. Labor Department's closely watched employment report on Friday showed job growth accelerated to 256,000 jobs in December, the most since March, while the unemployment fell to 4.1%. Morgan Stanley said portfolio managers increased shorts - or bets stocks will fall - in sectors such as staples, software, financials and healthcare in the days ahead of the jobs report, while they sold long positions in communication services.

  • Jan 12, 2025

Reeves Faces Growing Calls For Plan to Quell UK Market Jitters

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government’s long-term ambitions.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersUK debt costs soared last week as gilts were pu

  • Jan 12, 2025

French Gas and Power Utility Engie Seeks to Enter Saudi and Emirati Renewable Markets

(Bloomberg) -- French utility Engie SA is seeking to gain foothold in renewable energy markets in Saudi Arabia and the United Arab Emirates, which are holding big tenders for wind and solar farms to diversify their energy sources.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“The Gulf region has a serious potential,” with “v

  • Jan 12, 2025

Oil Sanctions Jolt Market as Bear Case Faces a Challenge

(Bloomberg) -- For months, the consensus in the global oil market was that 2025 would be a year marked by a bulky surplus and flat-to-soft pricing. Suddenly — after the boldest package of US sanctions yet against Russia’s energy industry — the outlook is more complicated.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“Just on

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