Financial Wealth Daily

Abercrombie & Fitch raises annual profit forecast on Hollister strength; shares jump

By Prerna Bedi (Reuters) -Abercrombie & Fitch raised its annual profit forecast on Tuesday, betting on strong demand for its Hollister dresses and jackets as shoppers snap up in-trend apparel during the crucial holiday season. The company’s shares surged nearly 18%, after it also forecast a strong holiday quarter and beat third-quarter estimates. The clothing…

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Brazil central bank still uneasy on inflation outlook, governor says

BRASILIA (Reuters) -Brazil’s central bank remains dissatisfied with progress toward bringing inflation back to its target, its governor said on Monday, stressing that policymakers will maintain a data-dependent approach. Speaking at an event hosted by banking lobby Febraban, Gabriel Galipolo said the bank is “clearly moving in the desired direction to fulfill our mandate” of…

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