Global Equity Funds see Major Outflows, Rate Cut Views Shift

Feb 9 Reuters Global equity funds experienced heavy outflows in the week to Feb. 7, aligning with Federal Reserve Chair Jerome Powell39;s remarks on U.S. inflation and a strong jobs report, as markets reassess bets of the Fed39;s interest rate decisions. According to data from LSEG, investors withdrew a net 13.38 billion from global equity funds, the […]
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Chinas Deflating Prices, U.S. Unemployment Claims Drop Slightly, JPY Weakens BOJ No Future Aggressive Hike Remarks, Bitcoin Gains Momentum

Previous Trading Days Events 08 Feb 2024 New claims for unemployment benefits fell slightly more than expected last week, confirming the views for labour market strength, coinciding with the previous months strong NFP data. The labour market resilience is a major factor contributing to the delay of the anticipated interest rate cuts this year. U.S. […]
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European Shares Flat as Higher Yields Counter Earnings Bump

Ubisoft gains on higher Q3 net bookings Deutsche Pfandbriefbank extends slide Saab gains on raising midterm sales target Feb 9 Reuters European shares were trading flat on Friday, as gains in healthcare stocks and video games group Ubisoft were offset by a rise in government bond yields following a pullback in aggressive bets on early […]
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