LONDON (Reuters) - Investors dumped U.S. value stocks and bought growth stocks in the week to Wednesday, according to BofA Global Research, a period marked by cooler than expected inflation data that sent bond yields lower.
There were $1.8 billion of inflows to U.S. growth stock funds in the week, and $2.6 billion of outflows from U.S. value stocks in the week, Bofa said in its weekly round up of flows in and out of world markets, citing data from... (continue reading...)
SHANGHAI/SINGAPORE (Reuters) - China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed.
Worsening interest margins and a weakening Chinese yuan continued to hobble authorities' monetary easing efforts to support the world's second-largest economy.
In a Reuters poll of 31 market watchers conducted this week, 30, or 97%, of all respondents... (continue reading...)
(Reuters) - The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus.
While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central bank decided to lay out details of its tapering plan for the next one to two years at its July meeting.
Following are... (continue reading...)
DUBLIN (Reuters) - Ireland's two main coalition parties, Fine Gael and Fianna Fail, each won four of the 14 seats contested for the European Parliament after marathon election counts ended on Friday, with the main opposition Sinn Fein trailing both on two seats.
While that represented a one seat gain for Sinn Fein on the last election in 2019, the party had hoped to do much better in the European and local council elections held on the same day, only... (continue reading...)
By Ben Blanchard
TAIPEI (Reuters) - China's "provocative" actions around Taiwan, Japan and in the South China Sea run the risk of an accident that could unintentionally spark a broader conflict, Washington's top diplomat in Taipei said on Friday.
Sandra Oudkirk, the outgoing director of the American Institute in Taiwan (AIT) and de facto U.S. ambassador, told reporters that the United States was "profoundly devoted" to the status quo of... (continue reading...)
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