From the FXWW Chatroom: The US saw net outflows from M&A activity for the second consecutive month, with YTD net inflows now reduced to USD 15bn. Year-to-date flows have now turned positive for the Eurozone, with 2018 net inflows standing at USD 2bn following net inflows over the past month of over USD 8bn.
The pattern of Canadian and Japanese outflows continues unabated, with YTD outflows now standing at USD 30bn and 27bn respectively. The UK has now become the third largest source of outflows so far this year, with YTD net outflows now over USD 20bn. On the other hand, Swiss outflows have reversed slightly following a month of net inflows, with YTD net outflows reduced to USD 8bn.
Australia and Sweden witnessed moderate net inflows over the past month, though the former has still seen net outflows over the calendar year (USD 1bn). Finally, M&A activity remains sparse in both New Zealand and Norway.
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