Investors pull more than $20 billion from stocks on 'trade deal trauma': BAML

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Global equities have seen outflows of $20.5 billion in the past week as 'tr...

FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., May 7, 2019. REUTERS/Brendan McDermid

U.S. President Donald Trump’s tweets on Sunday night, threatening to raise tariffs on Chinese imports, upended the previously calm market and wiped roughly $2 trillion from global equities this week. The cash leaving stocks in the week to May 8 was the third biggest outflow so far this year, the bank said, and came as Trump threatened further import tariffs on Chinese goods, ratchetting up the prolonged trade spat between the world’s two largest economies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This map shows how SoftBank dominates the global ride-sharing industrySoftbank is Uber's biggest shareholder, and has spent over $20 billion to collected stakes in the biggest ridesharing players around the world from India's Ola to Singapore's Grab to China's Didi Chuxing.
Source: CNBC - 🏆 12. / 72 Read more »