Investors pull money from cash to pay tax bills, sell US stocks

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 20 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 112%
  • Publisher: 78%

Kitco News أخبار

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.

LONDON, April 19 - Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from data provider EPFR, while U.S. stocks suffered their second week of outflows.

MSCI's broadest gauge of world stocks , opens new tab was down almost 4% in the last two weeks, on track for its biggest two-week drop since October. In the first quarter, investors saw good economic data as a positive for company earnings, and while it caused a paring back of expectations of Federal Reserve rate cuts, some monetary easing was still seen as near certain.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Investors pull money from cash to pay tax bills, sell US stocksExplore stories from Atlantic Canada.
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »