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.
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:
Pro And we know how that story ends...
Pro Get ready for the crash of the centuries!
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: Reuters - 🏆 2. / 97 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: Reuters - 🏆 2. / 97 Read more »
Retail investors with 'money to play with' help Malaysian stocks recoup nearly all losses this yearGreater participation by Malaysian retail investors has hit a record high this year, while foreign funds retreated from several stock markets around Asia. Obiden*shit Obama*shit Obama*shit Obiden*shit Obiden*shit Obama*shit Obama*shit Obiden*shit Obiden*shit Obama*shit Obama*shit Obiden*shit Obiden*shit Obama*shit Obama*shit Obiden*shit
Source: CNBC - 🏆 12. / 72 Read more »