You are here: Home » International » News » Markets
Business Standard

US stocks suffered $8.9 bn outflow as Trump stirs trouble in White House

US President stoked controversy last week over his alleged links to Russia

Reuters  |  LONDON 

Investors ditched almost $9 billion of US equities as political turmoil in Washington built up in the past week, Bank of America Merrill Lynch figures showed on Friday. Funds invested in US equities saw outflows of $8.9 billion in the week to Wednesday- their third straight week of outflows -- while those dedicated to European stocks added $1.1 billion, the largest in 39 weeks and the ninth straight week of inflows. "Washington DC disruption: new risk ... Washington political malaise causes capital flight from US," BAML summarised, referring to White House battles over ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 19 2017. 19:36 IST