Global Equity Draws in $ 26 billion, Ai Boom Fuels Technology Records, said Bofa

Global equity sees $ 26 billion in the inflows in the last week, led by technology shares, which recorded their biggest weekly entry flow in the record, the Bank of America Global Research said in a note on Friday,

Stocks have jumped to record the highest in the US and Europe this week about optimism that the decline in tariffs from the Federal Reserve will support risk assets, even when the US government has been closed due to a deadlock of funding at the congress.

Technology stock also jumped because the booming capex artificial intelligence did not show slow signs.

Technology funds withdraw $ 9.3 billion, the largest weekly flow to this sector, said Bofa, citing EPFR data.

Entering gold reaching $ 5.9 billion in the last week, because the price has reached the highest record below $ 3,900 per ounce.
Source: Reuters