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Bond, equity funds suck-in $25 billion as ‘irrational’ bull phase continues: BofA
LONDON (Reuters) – Global equity and bond funds saw more inflows in the week to Wednesday and the “irrational bullish phase” in markets was likely to continue in the first-quarter if the U.S. Fed continued to pump-in liquidity, BofA said on Friday. Bond funds attracted $16.2 billion and equities sucked in $8.5 billion last week […]
Japan February factory output seen cooling, retail sales down for fifth month as virus hit deepens: Reuters poll
TOKYO (Reuters) – Japan’s factory output likely slowed in February and retail sales dropped for a fifth straight month, a Reuters poll showed on Friday, as the coronavirus outbreak took an increasing toll on businesses and consumers. Japan has recorded 2,113 cases of the virus and 57 deaths so far as the disease races across […]
Dollar recovers vs. yen, U.S.-Iran tensions still in focus
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rallied against the safe-haven Japanese yen on Monday, but stayed weaker versus the Swiss franc, as market sentiment remained cautious amid concerns about a broader escalation of Mideast conflicts after the United States killed Iran’s most prominent military commander. The yen and Swiss franc gained earlier […]