New York (Agents)
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Economic analysts at the American banking group Bank of America expect a significant drop in stock and bond prices in the coming months amid investors’ rush to accumulate cash, which has not happened since the 2020 coronavirus pandemic.
The analyst group, led by Michelle Hartnett, said in a report yesterday that “equities and credit markets have a strong appetite for rate cuts and not enough fear of a recession,” adding that stocks and bonds with good ratings credit would suffer. beaten for the next three to six months. The Bloomberg news agency said US financial markets are currently on edge amid the collapse of several US banks and the bankruptcy of Swiss bank Credit Suisse, whose rival UBS stepped in to buy with the backing of the Swiss government. he.
Source: Al Ittihad
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