Category: pessimism
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Labour’s economic pessimism halts UK equity market recovery, triggering significant outflows
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UK stock markets have taken a hit as the Labor government’s pessimistic portrayal of the country’s economic outlook reverses a brief rebound in investor interest. New figures from Calastone, a global fund network, show that UK-focused funds suffered net withdrawals of £666m in September, while other geographically focused fund sectors…
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Investors’ pessimism lessens as economic data leans in favor of rate cuts
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Investors’ pessimism about the short-term outlook for the stock market eased this week, as recent economic data boosted hopes for interest rate cuts. A total of 26.1% of respondents to the American Association of Individual Investors, or AAII, survey, He said Investors believe the market will head lower in the…