Wall St slips with inflation data on deck

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Funds have rotated into tech-heavy markets, mainly at the expense of Europe - HSBC

February 28, 2024 11:43 AM EST

According to analysts at HSBC, funds have rotated into tech-heavy markets, mainly at the expense of Europe. The firm said in a note that European funds are cutting their cyclical exposure relative to defensives.

"Despite a slower than expected fall in bond yields, signals of a delayed decline in interest rates by the major central banks, geopolitical tensions in the Middle... More