Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says

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Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says
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Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according...

FILE PHOTO: The famous skyline with its banking district is pictured in early evening next to the Main River in Frankfurt, GermanyLONDON - Global hedge funds ditched bets against Europe an stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a Goldman Sachs note to clients seen by Reuters on Monday.

Hedge funds unwound European stock trades every day for the 12 days to July 25, when the STOXX index hit an intra-day two-month low, said Goldman.Most of these positions were in single-name stocks, the note said. Media are invited to join Kody Blois, member of Parliament for Kings-Hants, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities for a housing announcement.COMPANY ANNOUNCEMENT no. 55 - 29 July 2024 On 9 February 2024, DFDS A/S announced the initiation of a share buyback programme to be executed in accordance with EU Market Abuse Regulation, EU Regulation no.

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