BofA Fund Manager Survey: Commodity overweight at the highest since December 2022, Equity overweight at the highest since December 2024
The BofA Fund Manager Survey indicates a notable increase in allocations towards commodities and equities, suggesting a bullish outlook among fund managers.
[MARKET UPDATE] Modest dovish reaction in BoE pricing following the unemployment/wage data, next cut remains priced in April but March is up to -21bps (pre-release -20.3bps). Timing for a 2nd 2026 cut brought forward to Nov. (pre-release Dec.)
Spanish PM Sanchez says the Council of Ministers will invoke Article 8 to ask the Public Prosecutor to investigate Meta (META), X and TikTok
BofA Fund Manager Survey: Commodity overweight at the highest since December 2022, Equity overweight at the highest since December 2024
Additional European Equity News
US-Iran talks are expected to start at 08:30GMT / 03:30EST, according to Tasnim
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The commodity overweight being at its highest since December 2022 may reflect concerns over inflation and supply issues, while the equity overweight at its highest since December 2024 could signal confidence in economic recovery. This sentiment could lead to heightened volatility in related asset classes as managers position for expected market shifts.
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