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.”

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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
Source: FXStreetNews - 🏆 14. / 72 Read more »

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:
Source: MarketWatch - 🏆 3. / 97 Read more »