Investors pull more than $20 billion from stocks on ‘trade deal trauma’: BAML | Reuters

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Global equities have seen outflows of $20.5 billion in the past week as “trade deal trauma” pushed more money into bonds, Bank of America Merrill Lynch said on Friday, the latest sign of how growing global trade tensions are roiling financial markets.

The cash leaving stocks in the week to May 8 was the third biggest outflow so far this year, the bank said, and came as Trump threatened further import tariffs on Chinese goods, ratchetting up the prolonged trade spat between the world’s two largest economies.

Source: Investors pull more than $20 billion from stocks on ‘trade deal trauma’: BAML – Reuters

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