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BofA says ‘appalling’ mood fuels $11bn US stocks exodus

  Bloomberg Investors are rushing out of US equities as the likelihood of an economic downturn increases amid a myriad of risks, according to Bank of America Corp (BofA) strategists. The nation’s stock funds had outflows of $10.9 billion in the week to September 7, according to EPFR Global data cited by the bank. The biggest exodus in 11 weeks ...

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Stocks, US equity futures gain as dollar slides

Bloomberg Stocks and US equity futures advanced on Friday as investors assessed whether monetary tightening to tackle inflation in the US and Europe is getting closer to being priced in. A gauge of dollar strength dropped the most in a month. Europe’s Stoxx 600 Index jumped as miners rallied on optimism over Chinese demand. Gains in S&P 500 and Nasdaq ...

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Dubai real estate deals surge to record AED24.3b in August

  Dubai / WAM The real estate market in Dubai recorded 9,720 total sales worth AED24.3 billion in August, the highest performing month in terms of sales transactions volume and value in 12 years, according to Property Finder, the leading Menat’s proptech company. Comparing period-over-period growth, August witnessed a monthly growth rate in volume of around 37.1 percent and 69.6 ...

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