Monday, 17 June 2024

BofA: Investors are disposing of stocks globally at fastest pace ‎since December

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Investors dumped stocks globally at the fastest pace since December over the course of last week.

According to Bank of America data, global equity traded funds witnessed outflows worth $16.9 billion over the week ending last Wednesday.

While investors continued to buy Treasury bonds for the 32nd week in a row, with a value of $2.5 billion.

A number of major central banks met this week, led by the Federal Reserve, which decided to keep the interest rate unchanged.

However, the US Federal Reserve indicated that it would raise interest rates an additional time before the end of 2023.

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