US net inflows surge in October, equity buys up

Net overall capital inflows into the United States surged to $97.8 billion in October from a revised $32.8 billion outflow in September, the Treasury Department said on Monday. October's inflows were more than sufficient to cover the month's US trade deficit of $57.8 billion.
Net long-term capital inflows totalled $114.0 billion, from a revised $15.4 billion inflow in September Investments during the month were boosted by a turnaround in private inflows to $56.2 billion, from an outflow of $46.2 billion in September. "These numbers were better overall, and I guess we're back to trend," said Shaun Osborne, chief currency strategist at TD Securities in Toronto.