Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Sources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or...Autosread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
low - BAML@
* U.S, European equities continue to see outflows
* Inflows come as Japan heads for long holiday, Nikkei rally
* Global bonds saw $9.9 billion inflows (Adds detail, context)
LONDON, April 26 (Reuters) - Japanese equities sucked in their biggest inflows of cash this week since March 2018 ahead of the Bank of Japan's pledge to keep interest rates at super-low levels for longer - the latest central bank to commit to ultra-loose policy.
Investors plowed $5.4 billion into Japanese equity funds in the week to April 24, BAML strategists said on Friday, citing data from EPFR.
That came before the Japanese central bank on Thursday put a time frame on its forward guidance for the first time, telling investors that it would keep interest rates at super-low levels for at least one more year.
"Flows continue to reflect rising investor conviction that central banks will never raise rates again," strategists at the U.S. bank said in the note.
A rally across European and U.S. stocks this year has in part been fueled by big about-turns by the increasingly dovish European Central Bank and Federal Reserve on interest rates.
The big move into Japanese stocks also came as the Nikkei hit one-year highs ahead of an unprecedented holiday in Japan, with markets shut for six trading days from April 29 to celebrate its new emperor taking the throne.
Global bond funds received inflows of $9.9 billion in the week to April 24, with $4.4 billion leaving global equities, the sixth week of outflows, BAML said.
Cash continued to leave U.S. and European equities, with $6.4 billion flowing out of the United States and another $1.9 billion out of Europe. Emerging markets saw $900 million in outflows.
Investors were seeking to capture growth through $1.3 billion of investments in the technology sector and $800 million in healthcare. That move was at the expense of "value" sectors like financial services and energy, the bank added.
Elsewhere, government bonds saw the largest inflows in three months with $1.9 billion invested in the asset class, while high yield and emerging markets debt funds had their first outflows since Jan. 2.
Debt and currency positions in emerging markets were very crowded, with $250 billion flowing into emerging market debt and equity since February 2016, it said, adding that the current financial problems in Argentina and Turkey were the first signs of U.S. dollar pressures raising the risk of contagion in emerging markets. (Reporting By Tom Arnold, Editing by Helen Reid and Josephine Mason)