US stocks suffered $8.9 bn outflow as Trump stirs trouble in White House

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Investors ditched almost $9 billion of US equities as political turmoil in Washington built up in the past week, Bank of America Merrill Lynch figures showed on Friday.

Funds invested in US equities saw outflows of $8.9 billion in the week to Wednesday- their third straight week of outflows -- while those dedicated to European stocks added $1.1 billion, the largest in 39 weeks and the ninth straight week of inflows.

"Washington DC disruption: new risk ... Washington political malaise causes capital flight from US," BAML summarised, referring to White House battles over the struggles over alleged links to Russia and to the removal of the FBI director.
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