Cosan Earnings Hit by Raizen While Capital Injection Eases Debt
Brazilian conglomerate Cosan SA reported a net loss of 5.8 billion reais ($1.1 billion) in the fourth quarter, amid weakness at sugar and ethanol business Raízen SA.
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U.S. equity markets are trading higher , with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on cosan earnings hit by raizen while capital injection eases debt.
“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.”— Robert Foster Bennett
U.S. equity markets are trading higher , with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on cosan earnings hit by raizen while capital injection eases debt.
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