Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Investors are changing their strategy: from risks to stability


August, 09 2024
watermark Economic news

According to a Bank of America report, during a week of falling stock markets, cash has become the leader in popularity among investors. Money market funds raised $80.8 billion, while bond and equity funds received only $10 billion and $9.7 billion, respectively. Cryptocurrencies lost $100 million, and investors withdrew $500 million from gold. 


The Japanese stock market attracted $4 billion, which was the third largest inflow in a year. Europe saw the most significant outflow of funds from the stock market since September — $2.4 billion. Financial sector stocks experienced the largest outflow since November, amounting to $1.1 billion. 


At the same time, shares in the technology sector continue to attract investments for the sixth week in a row – totaling $3.3 billion. 


Bank of America strategists note the pressure of high real interest rates on the US consumer and labor markets. They consider a reduction in interest rates inevitable, but emphasize that its effectiveness will depend on the magnitude of the reduction.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.