Emirates – Bank of America: Investors turn away from European stocks...

Emirates – Bank of America: Investors turn away from European stocks...
Emirates – Bank of America: Investors turn away from European stocks...
(MENAFN – Al-Bayan) Date: October 30, 2020 Bank of America said yesterday, based on data from EPFR, that investors pumped $ 6.7 billion into bonds last week and withdrew $ 2.1 billion from stocks, as stock markets retreated following new isolation measures to combat the “Covid” pandemic. 19.

The bank added that European stocks suffered the largest weekly exit from flows, totaling $ 3.4 billion, in five months.

In a weekly report, the bank said that, in light of global selling in various stock markets this week, investors also pumped $ 1 billion into gold and recovered $ 1.5 billion in cash instruments in the week ending October 28.

Today, the pan-European STOXX 600 index is heading towards its worst weekly performance since June.

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