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April 24 (Reuters) - Weekly inflows into global equity funds surged to a more than 17-month high in the week through April 22, fuelled by ​optimism over demand for artificial intelligence and robust first-quarter earnings ‌from some major U.S. banks.
According to LSEG Lipper data, global equity funds attracted net weekly investments of $48.72 billion, the largest sum for a week since November 13, 2024.
Shares ​of TSMC (2330.TW), opens new tab, the world's biggest contract manufacturer of advanced AI chips, ​and high-bandwidth memory (HBM) chip supplier SK Hynix (000660.KS), opens new tab hit record highs this ⁠week, bolstered by upbeat earnings.
U.S. equity funds drew $27.98 billion, the most ​in four weeks, while European and Asian funds saw net inflows of $18.41 ​billion and $157 million, respectively.
Sector funds attracted a net $8.22 billion, marking their largest weekly inflows in three months, led by technology, industrials, and metals and mining, which drew $6.21 billion, $1.82 ​billion, and $1.02 billion, respectively.
Investors pumped a net $3.13 billion into hard currency ‌bond ⁠funds in their largest weekly net purchase since March 18. Meanwhile, outflows from short-term bond funds eased to $2.21 billion from $7.08 billion the week before.
Money market funds saw a second successive weekly outflow to the tune ​of $20.26 billion after ​the prior week's $173.09 ⁠billion weekly net sales.
Investors extended their recent streak of net purchases in gold and other precious metals funds ​into a fourth successive week, investing a net $841 ​million in ⁠these funds.
Emerging market funds were in demand for a third straight week as investors added $4.34 billion into equity funds and $3.64 billion into bond funds, ⁠data for ​a combined 28,853 funds showed.
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The boss of a global haulage firm has said the two-year lane closures on part of one of the south coast's busiest roads has cost the firm £2.4m.
National Highways' work to resurface the M27 between junction five at Eastleigh and junction seven at Hedge End first began in 2024. It fully reopened from 06:00 BST, although a temporary 50mph limit is expected to be in place until the end of June.
Speaking ahead of its reopening, Bob Terris, from the Southampton-based haulage firm Meachers Global Logistics, said he was "relieved" the "critical" route would be back up and running.
National Highways praised motorists' "patience" and said the works would create "smoother, quieter and safer" journeys.
Terris estimated the disruption had cost the company, which runs 60 lorries in the Southampton area each day, £2.4m.
We know exactly what it costs for the trucks, we know how much time we're losing - it's not rocket science, it's a lot of money," he said.We know exactly what it costs for the trucks, we know how much time we're losing - it's not rocket science, it's a lot of money," he said.
Terris, who began working at Meachers in 1962 and went on to own the company, welcomed the resurfacing project but bemoaned the economic impact.
It's reduced the productivity of the vehicles, so our costs are higher, and our revenues lower because we don't get paid if they're not moving," he explained.
It's not just the trucks, it's the admin, the telecom, the systems and everything [you have to do] to accommodate all this.
It's an absolutely huge thing, but we're only one company, just multiply this across the whole region and see how much it's costing."
Professional magician Darren Snelgar said the traffic caused by the roadworks had been a problem as he has been travelling to gigs
It's been a bit of a nightmare, with the traffic building up every night around about three, half-past three, so it's been a right pain," he said.
The two-year £83m project to upgrade the motorway, which runs between the New Forest and Portsmouth, first began in March 2024.
It came as part of a National Highways scheme to replace routes built using concrete with asphalt to reduce noise and ensure the road lasted longer.
It has also involved work to improve drainage and strengthen the central reservation.
Richard Scrase, programme delivery manager at National Highways, said they were "grateful" for motorists' "continued patience".
These improvements have created a smoother, quieter and safer journey for drivers, while helping the road last for generations to come," he added.
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The United States Army announced last month that it would raise the maximum age at which Americans can enlist from 35 to 42 years to expand its pool of eligible candidates amid recruiting challenges in recent years.
An updated version of US Army Regulation 601–210, dated March 20, outlined the changes, including the elimination of rules requiring anyone with a single conviction for marijuana possession or drug paraphernalia to obtain a waiver to enlist
Government data shows that while the US Army has met its recruitment goals over the last two years, it fell short in 2022 and 2023 and has consistently failed to meet targets for the Army Reserve, shortcomings that analysts have attributed to several possible factors
The new age limit was announced during the US-Israel war on Iran, towards which young people have expressed widespread opposition
Here’s what you need to know about the changes
The updated version of Army Regulation 601–210 officially takes effect on Monday, April 20
The US Army announced updated enlistment regulations on March 20, with the changes scheduled to take effect one month later on April 20 and applying to the Regular Army, Army Reserve, and Army National Guard.
The maximum enlistment age is raised from 35 to 42, and previous restrictions requiring anyone with a single conviction for possession of marijuana or drug paraphernalia to obtain a waiver to enlist are done away with
The changes announced in March are specific to the US Army
The military news outlet Stars and Stripes reported that those changes bring the army into greater alignment with the maximum enlistment age of other branches of the military, such as the Air Force, Navy, Coast Guard, and Space Force, which accept enlistees in their early 40s
While the US Army did not comment on the reasons for the increase, data from the US Army Recruiting Command show that the army has struggled with recruitment challenges
While the army met 100 percent of its recruitment goals in 2025 and 2024, it missed its target by about 23 percent in 2023 and 25 percent in 2022
That data also shows that the army has fallen short of recruitment targets for the Army Reserve for the last six years in a row
The average age of army recruits has risen in recent years to 22.7, up from 21.7 in the 2000s and 21.1 in the 2010s, according to the military news outlet Army Times, citing data from a US Army spokesperson
The US Army Recruiting Command has attributed such challenges to issues such as changes in the labour market, limited awareness about military service, and a lack of qualified young people due to issues such as obesity, drug use, and mental health issues
A 2018 poll listed concerns over possible injury and death, post-traumatic stress disorder (PTSD), separation from family and friends, and other career interests as top reasons offered by young people for not joining the military
Data from the US Army Recruiting Command shows that about 80 percent of recruits in the Regular Army were men in 2025.
Black and Latino recruits also make up a larger share of army recruits than their percentage of the population, each making up about 27 percent of recruits while comprising 14 percent and 20 percent of the general population, according to data from the 2024 census
White people made up about 40 percent of US Army recruits, while about 57 percent of the general population.
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Panicked sailors pleaded with the Iranian navy after coming under fire in the Strait of Hormuz.
An audio recording revealed a tense exchange between the crew on board an Indian-flagged oil tanker and Iranian officials enforcing military control over the waterway.
This is motor tanker Sanmar Herald. You gave me clearance to go. My name is second on your list. You are firing now. Let me turn back,” a voice says from the Sanmar Herald.
The incident is believed to be the first of its kind in recent weeks and came after the Islamic Revolutionary Guard Corps (IRGC) sealed the strait again in response to the US continuing its naval blockade.
It also appears to show that Iran’s naval capability remains a threat to shipping despite heavy US and Israeli air strikes.
The UK Maritime Trade Operations said the tanker was “approached by 2 IRGC gunboats” which later “fired upon” the vessel.
Around the same time, a container ship was hit by an unknown projectile in the strait, the body reported.
Iran’s armed forces on Sunday said they had turned back two further tankers attempting to transit the strait, the semi-official ⁠Tasnim news agency reported.
The Sanmar Herald incident also suggests that Iran still has enough gunboats to harass maritime traffic despite the seven-week bombardment.
Air strikes have sunk much of Tehran’s conventional navy of larger vessels, but the IRGC has spent years building up a “mosquito fleet” of small craft and speedboats.
The small and agile attack craft have been central to Tehran’s ability to close the strait, even against the might of far larger and more powerful US navy vessels.
It was not immediately clear what type of vessel or what sort of weapons had been used against the Sanmar Herald, but Iran’s small boats are said to be armed with everything from heavy machine guns to missiles and drones.
They can also drop sea mines, which is another crucial part of Tehran’s arsenal to keep the strait closed.
Last month, it was reported that Iran may have released mines into the waterway. While officials have not been clear on how many may be present, clearing them will be key to finally opening the strait, analysts say.
The US military has begun using remote-controlled sea drones to help clear the waterway, the Wall Street Journal reported.The US military has begun using remote-controlled sea drones to help clear the waterway, the Wall Street Journal reported.
Both the US navy and the Royal Navy have pivoted away from traditional minesweeper vessels in recent years to the use of drone boats and submarines to find and dispose of mines at a safe distance.
Meanwhile, US intelligence estimates reckon Iran has retained around two fifths of its drone arsenal.
Intelligence assessments say that Iran has been recovering missile launchers and missiles buried underground or under rubble.
When this is complete, the country will have access to as much as 60 per cent of its pre-war total of missile launchers and 70 per cent of its total of missiles, the New York Times reported.When this is complete, the country will have access to as much as 60 per cent of its pre-war total of missile launchers and 70 per cent of its total of missiles, the New York Times reported.
The assessment comes despite US officials declaring that destroying missile stocks and missile production were key war aims.
Donald Trump said in the early hours of the war that America would “destroy their missiles and raze their missile industry to the ground”.
Majid Mousavi, the commander of Iran’s Revolutionary Guard’s Aerospace Force, ⁠claimed it was now able to update and replenish its missile and ‌drone launchers at a higher rate than before the war.
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