Investors pull money from cash to pay tax bills, sell US stocks

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Explore stories from Atlantic Canada.

LONDON - Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from data provider EPFR, while U.S. stocks suffered their second week of outflows.

MSCI's broadest gauge of world stocks was down almost 4% in the last two weeks, on track for its biggest two-week drop since October. In the first quarter, investors saw good economic data as a positive for company earnings, and while it caused a paring back of expectations of Federal Reserve rate cuts, some monetary easing was still seen as near certain.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités