Investors continued to pump in money into bonds and shunned equities in the past week, Bank of America Merrill Lynch (BAML) said on Friday, amid worries of a corporate earnings recession and trade tensions across the world.

Fears of earnings recession keep investors away from stocks: Bank of America Merrill Lynch

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

Oil rises after US Navy downs Iranian drone; set for weekly fall

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, and three others

SBI set to hire six banks for up to $2.3 billion share sale: IFR