Tag: Capital outflow

Bank of America (Bank of America) said that in the week ending Wednesday, the U.S. big rock stocks suffered the largest weekly outflows since December 2022, traders are worried that the continued high inflation will further promote interest rate cuts, geopolitical tensions also aggravate the cautious mood. Bank of America in the use of EPFR data on the global market capital inflows and outflows in the weekly pan points, said the United States this week, big rock stocks outflow of $ 15.8 billion, the whole stock market outflow of $ 19.6 billion. In the week ending Wednesday, stocks tumbled after stronger-than-expected U.S. inflation data on Wednesday, after Wall Street was thrown into a panic last Thursday by hawkish comments from Federal Reserve officials and a rise in the price of oil to more than $90 a barrel.