FILE PHOTO: Merchants work on the ground on the New York Inventory Change (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Traders prolonged their retreat from the U.S. inventory market by pulling almost $8.2 billion out of mutual funds and exchange-traded funds that maintain home equities final week, in line with information launched on Wednesday by the Funding Firm Institute (ICI).

The declines got here amid the Trump administration’s threats to impose 5% import tariffs on all Mexican items beginning on Monday June 10. The USA and Mexico struck a deal to avert the tariffs however considerations nonetheless remained…

Source link