U.S. TIC long term purchases increase in September
Investing.com
Published Nov 18, 2013 09:05AM ET
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD25.5 billion in September, compared to net sales of USD9.8 billion in August.
Analysts had expected Treasury International Capital purchases to total USD21.3 billion in September.
The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative USD106.8 billion.
Of this, net foreign private outflows were negative USD101.4 billion, and net foreign official outflows were negative USD5.4 billion.
Foreign residents increased their holdings of long-term U.S. securities in September; net purchases were USD62.3 billion. Net purchases by private foreign investors were USD77.6 billion, while net sales by foreign official institutions were USD15.3 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of USD36.8 billion.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.15% to trade at 1.3517.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.3% at the open, S&P 500 futures pointed to a rise of 0.15% and Nasdaq 100 futures indicated an increase of 0.1%.
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Written By: Investing.com
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