People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020.Investors who amassed huge piles of cash amid the coronavirus-triggered market turmoil have started buying stocks again and the money still on the sidelines could give risk assets a further boost, according to Barclays.
"Mutual funds thus have ample dry powder to buy equities, given that their cash holdings, in USD terms, are still near record high," Emmanuel Cau, Barclays' head of European equity strategy, said in a note on Wednesday. "As long as the recovery in activity carries on, despite the persistent uncertainty and the elevated tail risks, rising flows could continue to provide support to equities.
Pro And we know how that story ends...
Pro Get ready for the crash of the centuries!
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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Asian stocks boosted by fresh U.S.-China trade hopesAsian stock markets were mostly higher on Tuesday after the U.S and China indicated progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.
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Facebook could be the next $1 trillion company. Here's howAs Facebook hits record highs, one market watcher suggests it could the next stock to join the $1 trillion market cap club.
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Asian stocks mostly higher as trade, virus treatment hopes lift moodAsia's stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally.
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