Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration
Investors readjusted their views on future Fed rate cuts last week following a stronger than expected U.S. nonfarm payrolls report for the last month, boosting demand for low-risk assets. Overseas China equity funds attracted a sharp $8.52 billion, the biggest amount for a week since at least December 2020.
Data covering 29,545 emerging market funds showed equity funds attracted a massive $8.55 billion, the largest amount since January 2021. Investors also purchased $1.76 billion of bond funds.Will AI Agents Make Software Companies Artificial Intelligence Winners, Like Nvidia?
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