Uncategorized

800 rate cuts on and investors hose money at everything: BofA By Reuters


800 rate cuts on and investors hose money at everything: BofA

LONDON (Reuters) – Investors poured money into almost everything last week with bond funds attracting a whopping $23.6 billion and equities and emerging markets getting big boosts too, analysts at BofA have estimated in their weekly crunch of markets data.

BofA flagged that a interest rate cut in Mexico on Thursday had chalked up the 800th rate cut by global central banks since the collapse of Lehman Brothers in September 2008.

Bond funds saw their biggest weekly inflows ever, while equity funds pulled in $12.5 billion in the week to Wednesday, mainly driven by technology and emerging market stocks amid easing fears of the coronavirus impact.

The bank said as infection rates of the deadly coronavirus eased high-yield bonds also saw their strongest weekly inflows in 21 weeks of $3.4 billion and emerging market equities saw $2.7 billion inflows.

Meanwhile, other risk assets such as the U.S. benchmark S&P 500 and the STOXX 600 () indexes have been setting fresh record highs driven by ultra-loose monetary policy and a thriving tech sector.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top