Investors are pouring into cash funds as they offer higher yields on short-dated debt, putting them on track for a record-breaking year of inflows, according to Bank of America and EPFR. In the week to November 8, cash funds attracted $77.7 billion of inflows, with projections of around $1.4 trillion for 2023.
Italian economy is expected to face a slowdown based on declining consumer confidence and business morale, as per national statistics bureau ISTAT. Third quarter GDP remained stagnant, indicating potential economic challenges ahead.
Investors react to Federal Reserve Chair Jerome Powell's hawkish tone, causing mixed futures and ending a strong winning streak on Wall Street. More data is awaited to gauge the future of monetary policy.
Global equity funds experienced their largest weekly net purchase since September as investor sentiment improved following the decision of major central banks to keep policy rates unchanged and a report indicating a slowdown in job growth in October.