Categories: Economy

Money attracts largest weekly influx since March 2023, BofA says


LONDON (Reuters) – Traders ploughed $136.4 billion into money within the week to Wednesday, the most important weekly influx since March 2023, when markets have been rattled by a regional banking disaster, in response to a report from Financial institution of America on Friday.

In addition they snapped up $8.2 billion of shares and $4.9 billion of bonds, however bought $0.4 billion of gold, Financial institution of America stated, citing knowledge from EPFR.

Crypto received a $3 billion injection, and clocked its largest four-week influx ever, at $11 billion.

Shopping for of U.S. equities continued for the ninth consecutive week, with inflows into small caps particularly ballooning to a file excessive, the financial institution stated.

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