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Investors pull record $6.7bn from European equities and pile into gold on Ukraine jitters
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Spooked investors pulled a record amount from European equities and financial stocks over the past week, as Russia's invasion of Ukraine prompted savers to opt for cash as a safe haven.
According to Bank of America's weekly flow note, European equities suffered outflows of $6.7bn in the week to 2 March, while financial stocks haemorrhaged $3.5bn.
Investors...
Read more on fnlondon.comAbout this in other media
JPMorgan is winding down its Russia operations amid widening business exodus over Ukraine war cnbc.com /2 years ago
Sanctions on Russia and Belarus will include crypto — European Commission cointelegraph.com /2 years ago
London Metal Exchange suspends nickel trading as Russia jitters send price to record fnlondon.com /2 years ago
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