Global investors pour into money market funds amid market volatility

  • ๐Ÿ“ฐ KitcoNewsNOW
  • โฑ Reading Time:
  • 21 sec. here
  • 31 min. at publisher
  • ๐Ÿ“Š Quality Score:
  • News: 113%
  • Publisher: 78%

Kitco News News

Global investors pour into money market funds amid market volatility
Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Aug 9 - Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a surge in market volatility triggered by fears of a U.S. slowdown and a strengthening yen that prompted unwinding of carry trades.

Japan's Nikkei share average , opens new tab plummeted 12.4% on Monday, its largest single-day fall, amid a yen surge, evoking memories of the 'Black Monday' stock market crash in October 1987. By sector, tech and financials saw significant outflows, amounting to $1.11 billion and $1.09 billion respectively, while utilities attracted their sixth consecutive weekly inflow, totalling $529 million.

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:

KitcoNewsNOW /  ๐Ÿ† 13. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Crypto prices surge higher while stocks, oil, gold and silver see downturns deepenCrypto prices surge higher while stocks, oil, gold and silver see downturns deepenThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - ๐Ÿ† 13. / 78 Read more ยป