Investors jump into European stocks at fastest pace in nearly a year as U.S. equity inflows remain muted: BofA Global

Investors poured $3.4 billion into European stock funds in the week to Wednesday, as slowing inflation in Europe and China’s relaxation of strict zero-Covid policies made investors hunt for gains in non-U.S. equities, according to analysts at BofA Global Research, citing EPFR Global data in a weekly note.

The weekly inflows into European stock funds were the largest since February 2022, and is the second straight week of inflows following an entire year of outflows . BofA also said there was the strongest inflow to investment-grade and high-yield bonds since Sept. 21, with average weekly inflows of $7.7 billion over the past four weeks.

BofA strategists also noted that as the Federal Reserve keeps tightening its monetary policy, cash held in U.S. money market funds has hit a record high of $4.8 trillion, which indicates there are “still lots of liquidity sloshing around.”

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian Stock Market: Caution triggers as global growth encounters a downward revisionMarkets in the Asian domain are showing signs of caution amid the release of corporate earnings worldwide and ahead of the United States Gross Domesti
출처: FXStreetNews - 🏆 14. / 72 더 많은 것을 읽으십시오 »

U.S. stocks mostly end lower, S&P 500 extends losses as investors weigh quarterly earningsU.S. stocks finished lower Wednesday as investors continued assessing companies' quarterly earnings results. The Dow Jones Industrial Average closed about flat:
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »