Friday, December 6, 2024
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Delhi

Cash attracts most important as soon as every week influx contemplating that March 2023, BofA claims


LONDON (Reuters) – Investors tilled $136.4 billion proper into cash within the week to Wednesday, essentially the most important as soon as every week influx contemplating that March 2023, when markets have been rattled by a neighborhood monetary state of affairs, based on a document from Bank of America on Friday.

They likewise bought $8.2 billion of provides and $4.9 billion of bonds, nonetheless marketed $0.4 billion of gold, Bank of America claimed, declaring info from EPFR.

Crypto obtained a $3 billion shot, and clocked its greatest four-week influx ever earlier than, at $11 billion.

Buying of united state equities proceeded for the 9 successive week, with inflows proper into little caps particularly swelling to a doc excessive, the monetary establishment claimed.

(Reporting by Lucy Raitano; Editing by Amanda Cooper)



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