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☆ BofA's Jill Carey Hall on raising S&P 500 year-end target to 5,400
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Jill Carey Hall on raising S&P 500 year-end target to 5,400Jill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends, why she has an S&P 500 year-end target of 5,400, where investors can find opportunities, and more.

Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

☆ The global trade system has already started planning for potential Trump win, new China tariffs
▼ + stars: | 2024-03-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

The Trump administration used delegated authorities under three trade laws to unilaterally levy tariffs without Congressional approval. The Trump administration tariffs kickstarted a shift in supply chain strategy which, according to Frank, became more well-developed by customers during Covid, when they contemplated moving factories and production out of China. He expects any increase in tariffs during a second Trump presidency to lead to a greater shift in trade from China to Mexico to avoid the tariffs. "If you charge tariffs to China, they're going to build ... their car plants here and they're going to employ our people," Trump said. S&P Global research shows that China's share of the imports of products covered by tariffs imposed by the Trump administration has dropped.

Persons: Donald Trump, Trump, Niki Frank, Frank, Beth Whited, they'd, Paul Brashier, Chris Rogers, Biden, Rogers, Jon Gold, John Taylor IV, Taylor, Peter Boockvar, Critics, it's, that's Organizations: United, Canada Trade, White, CNBC, Global, Trump, China, Biden, OF DHL, Union, Canadian Pacific, Canadian Pacific Kansas City, Union Pacific, ITS Logistics, P Global, Vietnam, National Retail Federation, Berlin Packaging, Trade, Bleakley Financial, ASEAN Locations: United States, Mexico, Canada, Washington , DC, U.S, OF DHL Asia, Long Beach , California, China, Union Pacific, Canadian Pacific Kansas, East, West, Vietnam, Malaysia, South Korea, CNBC Mexico, Europe, Thailand, Indonesia

☆ Flexible work arrangements made a big difference in workforce gains for women: JPMorgan's Chang
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlexible work arrangements made a big difference in workforce gains for women: JPMorgan's ChangJoyce Chang, JPMorgan Chase head of global research, joins 'Closing Bell Overtime' to talk the state of gender balance in the workforce in 2024.

Persons: JPMorgan's Chang Joyce Chang, JPMorgan Chase Organizations: JPMorgan

☆ Animal spirits are back in the market, fueling 2021-like speculative activity
▼ + stars: | 2024-03-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Federal Reserve's rate-cut signal in December triggered a furious rally to record highs, unleashing animal spirits that are fueling similar speculative activities from the depths of the pandemic. "The animal spirits are reviving," Michael Hartnett, chief investment strategist at BofA Global Research, said in a phone interview. "Animal spirits, they don't necessarily start with the biggest animals in the jungle," Quincy Krosby, chief global strategist at LPL Financial, said by phone. To be sure, others believe the market rally has been justified by the enthusiasm for artificial intelligence, and the contribution it's likely to make to future corporate profits. Billionaire investor Ray Dalio said the U.S. stock market is not in a speculative bubble based on his criteria.

Persons: Bitcoin, Michael Hartnett, Hartnett, Cryptocurrency, Scott Rubner, Goldman Sachs, Quincy Krosby, Ray Dalio Organizations: BofA Global Research, Nasdaq, GameStop, Palo Alto Networks, Research, LPL Locations: Nigeria, Argentina, Snowflake, YOLO, . U.S, U.S

☆ Rates have repriced, it's unrealistic to expect equities to go lower, syas HSBC's Kettner
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRates have repriced, it's unrealistic to expect equities to go lower, syas HSBC's KettnerMax Kettner, HSBC Global Research, joins 'Closing Bell' to discuss Kettner's thoughts on equities at the beginning of the year and now, how Kettner is positioning now, and how much equity markets need the Fed to cut rates for more growth.

Persons: Max Kettner Organizations: HSBC Global Research

☆ Fed Chair Powell and jobs data take center stage next week as Wall Street weighs interest rate outlook
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.

Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, —, Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan

☆ The US, China, and Europe's economies are drifting apart. The global 'decoupling' is moving markets.
▼ + stars: | 2024-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewThe biggest players in the global economy are on different trajectories, and markets around the world are reflecting the shifting landscape. "Signs of decoupling are present in global growth, trade, and equity markets," Bank of America strategists wrote in a Friday note. AdvertisementTo that point, the outlook for the Euro area looks softer. BofA expects Euro area growth at 0.4% in 2024 and 1.1% in 2025. Growth forecasts for US, Euro Area, and China.

Persons: —, Janet Yellen, BofA, SPX Organizations: Service, Bank, Business, Bank of America, Wall, Federal Reserve, ECB, Bank of America Global Locations: China, There's, Germany, Spain, Europe

☆ Digital ad market shows signs of sharp rebound as Meta, Amazon point to growth
▼ + stars: | 2024-02-05 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

During that period Meta's ad revenue fell 4%, and Google's ad business suffered a similar drop . A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Meanwhile Alphabet, still the market leader, saw its Google ad business rise 11% to $65.5 billion, boosted by 16% growth at YouTube. Investors will get additional data on the digital ad market when Snap and Pinterest report earnings this week. On the whole, "digital advertising is continuing to eat up share" of worldwide advertising, Williamson said.

Persons: Li, Susan Li, Debra Aho Williamson, William Blair, Williamson, Meta Organizations: Google, YouTube, Insider Intelligence, CNBC, Intelligence, Meta, Investors, Bank of America Global Research Locations: Paris, Russia, Ukraine, China, Red

☆ Neumann: We shouldn't over-interpret the signals we're seeing early on in the year from Japan
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeumann: We shouldn't over-interpret the signals we're seeing early on in the year from JapanFred Neumann, chief Asia economist and co-head of global research for Asia at HSBC, discusses the divergence between the performance of the Chinese and Japanese markets and economies.

Persons: Japan Fred Neumann Organizations: Neumann, HSBC Locations: Japan, Asia

☆ Chang: It's still too early to declare victory on inflation
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChang: It's still too early to declare victory on inflationJoyce Chang, chair of global research at JP Morgan, discusses expectations for Fed rate cuts this year now that March appears to be off the table.

Persons: Chang, It's, Joyce Chang, JP Morgan Organizations: JP

☆ Tending to AI's power needs is a booming business. These stocks are in the sweet spot
▼ + stars: | 2024-01-23 | by ( Pia Singh | ) www.cnbc.com time to read: +13 min

In fact, "data centers are taking a disproportionate amount of incremental capacity being added by electrical equipment manufacturers." Much of the energy data centers consume is used to train AI models as well as to run them. Natural resources, power supply, funding — the necessities that allow for the existence of the data centers — aren't exactly infinite. The company's business took off last year as data centers began to need more electrical equipment capacity and generated more heat. JPMorgan has a neutral rating on GE with a $124 price target, 5.5% below the stock's Monday close.

Persons: Andrew Obin, Stephen Tusa, Obin, It's, TD Cowen, Michael Elias, Tusa, Eaton, hasn't, Elias, I've, Hubbell, repurposing, Martyn Briggs Organizations: Nvidia, Bank of America, JPMorgan, General Electric, Hubbell Power Systems, U.S . Department of Energy, Google, Oracle, Microsoft, Power, Bloomberg, Energy, GE, Dominion Energy, Dominion Locations: Eaton, BofA, U.S, Northern Virginia, FactSet

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ Average 60/40 portfolio has best month in November since 1991 - BofA
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. A typical 60/40 portfolio - one that holds 60% in stocks and 40% in bonds - would have returned 9.6% in November, the most since December 1991, which saw the dissolution of the USSR, BofA said. They cautioned though: "pull backs follow monster months" and such a portfolio lost 3.2% in the first quarter of 1992. (.MIWD00000PUS)The yield on the benchmark 10-year U.S. Treasury note fell 52 basis points in the month, its most since 2011. A bond's yield moves inversely to its price.

Persons: Rick Wilking, BofA, Alun John, Amanda Cooper, Sharon Singleton Organizations: REUTERS, Bank of America Global, Treasury, Thomson Locations: Westminster , Colorado, USSR

☆ Graphite supply chains outside China are evolving right now, analyst says
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGraphite supply chains outside China are evolving right now, analyst saysMichael Widmer, head of metals research at BofA Global Research, discusses China's export restrictions on graphite — a key material in electric vehicle batteries.

Persons: Michael Widmer Organizations: BofA Global Research Locations: China

REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."

Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru

A Salesforce sign is seen during the company's annual Dreamforce event, in San Francisco, California November 18, 2013. REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Salesforce Inc's (CRM.N) stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. Reuters GraphicsMultiple analysts, including from Morgan Stanley, Evercore, Wells Fargo, and Deutsche Bank, raised their price target for Salesforce's shares following the results. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Galbraith, Morgan Stanley, Brad Sills, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Reuters Graphics, Deutsche Bank, Global Research, Thomson Locations: San Francisco , California, U.S, Evercore, Wells Fargo, Salesforce, New York

☆ Premarket stocks: Why investors are looking forward to 2024
▼ + stars: | 2023-11-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The S&P 500 currently sits around 4,550. BMO’s chief investment strategist Brian Belski has predicted that the S&P 500 will close out 2024 at a healthy 5,100. The S&P 500 has gained about 18.5% so far this year after falling nearly 20% in 2022. Despite elevated borrowing costs, three years of high inflation and increasing numbers of Americans dipping into their retirement plans, consumers continue to keep the US economy chugging. Google accounts include everything from Gmail to Docs to Drive to Photos, meaning all content sitting across an inactive user’s Google suite is at risk of erasure.

Persons: New York CNN — It’s, ”, Candace Browning, Browning, Goldman Sachs, Lori Calvasina, America’s Savita Subramanian, Subramanian, Brian Belski, “, Matt Egan, ” Michelle Meyer, Jennifer Korn, it’s, Google Organizations: New, New York CNN, Bank of America, RBC, BMO Capital Markets, Deutsche Bank, RBC Capital Markets, Bank, America’s, Federal Reserve, Mastercard Economics Institute, CNN, Adobe Analytics, Google Locations: New York

☆ Reddit and Kim Kardashian's SKIMS are among the companies in talks to launch IPOs in 2024, report says
▼ + stars: | 2023-11-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Reddit and Kim Kardashian's shapewear brand, SKIMS, are considering 2024 IPOs, Bloomberg reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoth Reddit and Kim Kardashian's SKIMS are eyeing much-anticipated IPOs in 2024, Bloomberg reported. AdvertisementRepresentatives SKIMS did not immediately respond to requests for comment from Business Insider.

Persons: Reddit, Kim Kardashian's, IPOs, —, Candace Browning, SKIMS, Jens Grede, Kardashian Organizations: Bloomberg, Service, SEC, Bank of America, Bank of America Global Research, Business Locations: Swedish

☆ Deutsche Bank sees 12% upside to S&P 500 through 2024-end
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsNov 27 (Reuters) - Deutsche Bank on Monday forecast the S&P 500 (.SPX) to end next year 12% higher as it expects corporate earnings to remain resilient even if the United States experiences a mild and short recession. Deutsche Bank analysts expect the index to end 2024 at 5,100 points. Deutsche Bank's 2024-end S&P 500 target is 8.5% higher than the 4,700 median forecast of 33 strategists polled by Reuters. "If earnings growth continues to recover as we forecast, valuations will remain well supported around the top of the range as is typical on the pricing in of a pickup in earnings growth," the strategists said.

Persons: Yves Herman, Roshan Abraham, Rashmi Aich, Mrigank Organizations: Deutsche Bank, REUTERS, Deutsche, Reuters, Reserve, BofA, Research, Thomson Locations: Brussels, Belgium, United States, U.S, Bengaluru

☆ Interest rate cuts are coming next year, Bank of America says
▼ + stars: | 2023-11-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Bank of America predicted the Fed will cut interest rates in the middle of 2024. Still, Fed Chair Jerome Powell said the central bank is not considering rate cuts right now. As Insider previously reported, the point at which experts predict interest rate cuts are coming in the US vary. When it comes to the Federal Reserve itself, it doesn't think interest rate cuts should be top of Americans' minds right now. Fed Chair Jerome Powell said during the November press conference following the central bank's announcement to continue its pause on rate hikes that he's "not talking about rate cuts."

Persons: Jerome Powell, —, Candace Browning, Michael Gapen, Powell Organizations: of America, Service, Bank of America, BofA Global Research, UBS, Fed, Vanguard, Federal Reserve

☆ UK says new science initiative to work on climate-resilient crops
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

[1/6] British Prime Minister Rishi Sunak speaks during the opening session of the Global Food Security Summit at Lancaster House in London, Britian November 20, 2023. Dan Kitwood/Pool via REUTERS Acquire Licensing RightsLONDON, Nov 20 (Reuters) - British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday. The summit, a joint initiative between Britain, Somalia, the UAE, the Children’s Investment Fund Foundation and the Bill and Melinda Gates Foundation, is due to be attended by representatives from more than 20 countries. "We must take action to address the underlying, and often unseen, causes of global food insecurity," Sunak said. ($1 = 0.8025 pounds)Reporting by Kylie MacLellan; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Dan Kitwood, Melinda Gates, Sunak, Kylie MacLellan, David Holmes Organizations: British, Global Food Security, Lancaster House, Britian, REUTERS Acquire, Food Security, Children’s Investment Fund Foundation, Melinda Gates Foundation, Thomson Locations: London, Britain, Somalia, UAE, Ukraine, British, Ethiopia, Sudan, South Sudan, Afghanistan, Malawi

Sunak told delegates that a “fundamental shift” is needed to confront a food-security crisis that is being worsened by climate change. He focused on the role of science and said the U.K. would set up a “virtual science hub” linking international researchers working on more resilient crops. “Climate change, conflict and population rise mean ever greater challenges to food supplies," Sunak said. “So we need a fundamental shift in the way we approach food security, with a focus on long-term solutions to stop food crises before they start. Political Cartoons View All 1256 ImagesThe summit coincided with publication of a “re-energized” U.K. development strategy aimed at ending extreme poverty and tackling climate change and biodiversity loss.

Persons: Rishi Sunak, Sunak, Melinda Gates, ’, David Cameron, ”, Melanie Ward, that’s Organizations: British, Food Security, United Arab Emirates, Children’s Investment Fund Foundation, Melinda Gates Foundation, Lancaster House, Medical Aid Locations: London, U.K, Somalia, Lancaster, Israel, Gaza, “, ”, United States

☆ Ahead of Indonesia’s elections, critics slam Jokowi for nepotism and ‘dynastic politics’
▼ + stars: | 2023-11-20 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +7 min

Ulet Ifansasti | Getty Images News | Getty ImagesA year before stepping down as Indonesia's president, Joko Widodo is facing serious allegations of establishing a political dynasty through nepotism. The constitutional court, which was helmed by the president's brother-in-law Anwar Usman at that time, was widely criticized for changing the law, which enabled Jokowi's son to contest the election. Kompas Research and DevelopmentAccording to a poll in mid-October by Kompas Research and Development, 60.7% of respondents consider the participation of Jokowi's eldest son Gibran in the election as a form of dynastic politics. Son-in-law, Bobby Nasution Adding to Jokowi's political chessboard is also his son-in-law Bobby Nasution, the current mayor of Medan. The 'Jokowi effect'Analysts are now expecting what they call "a Jokowi effect" for the PSI and Gerindra parties.

Persons: Joko Widodo, Ulet Ifansasti, Joko, Gibran Rakabuming Raka, Prabowo Subianto, Gibran, Anwar Usman, Anwar, Kompas, Kaesang, Kaesang Pangarep, Bobby Nasution, Julia Lau, – Yusof, Jokowi's, Andi Widjajanto, Andi, Jokowi, Vedi Hadiz, Iriana Widodo, Gibran Rakbuming Raka, Lau, bode, Julia Lau ISEAS – Yusof Ishak, didn't, ISEAS – Yusof Organizations: Getty, Defence, Gerindra Party, Solo, Research, Kompas Research, Development, Indonesia Solidarity Party, PSI, Indonesia, Reuters, National Resilience Agency, Asia Institute, University of Melbourne, Afp, CNBC, Asia, Central Java, Indonesian Democratic Party of Locations: Jakarta, Indonesia, Ulet, Medan, Jokowi, Central Java, Afp, Southeast Asia, Ganjar

☆ UK Says New Science Initiative to Work on Climate-Resilient Crops
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday. The summit, a joint initiative between Britain, Somalia, the UAE, the Children’s Investment Fund Foundation and the Bill and Melinda Gates Foundation, is due to be attended by representatives from more than 20 countries. "We must take action to address the underlying, and often unseen, causes of global food insecurity," Sunak said. Priorities will include mobilising international finance and harnessing innovation, Britain's Foreign Office said. ($1 = 0.8025 pounds)(Reporting by Kylie MacLellan; Editing by David Holmes)

Persons: Rishi Sunak, Melinda Gates, Sunak, Kylie MacLellan, David Holmes Organizations: British, Food Security, Children’s Investment Fund Foundation, Melinda Gates Foundation Locations: London, Britain, Somalia, UAE, Ukraine, British, Ethiopia, Sudan, South Sudan, Afghanistan, Malawi

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

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