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Global equity fund outflows hit nine-month high on inflation fears

Global equity funds recorded their largest weekly outflow in nine months in the week through September 16, as a surge in oil ​prices heightened inflation concerns and expectations of a Federal Reserve interest-rate ‌increase added to investor caution.

Coverage (1)· Sep 18, 10:24 AM

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Wall Street heads for gains after oil prices ease and inflation update comes in near expectationsU.S. stocks appear to be heading for gains as oil prices give back some of the week’s big spurt. Futures were up 0.7% for the S&P 500 index, 0.7% for the Dow Jones Industrial Average and 0.8% for the Nasdaq 100 index, with a little less than an hour before trading is set to begin on Friday. They got some help from easing oil prices, which spurted earlier…