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Bitcoin Pulls Back After Latest Push Toward Record Falls Short
Bitcoin Pulls Back After Latest Push Toward Record Falls Short

Bloomberg

timea day ago

  • Business
  • Bloomberg

Bitcoin Pulls Back After Latest Push Toward Record Falls Short

Bitcoin retreated from the highs of the day after an earlier push toward the record price level set a little more than two weeks ago fell short. The original cryptocurrency has jumped around 16% so far this year with the crypto-friendly Trump administration seen bolstering demand for digital assets. Expectations that the US is moving closer to resolving trade conflicts with nations such as China has helped to increase overall demand for riskier assets.

M&G Sees Opportunity to Buy Tech Stocks on Dips
M&G Sees Opportunity to Buy Tech Stocks on Dips

Bloomberg

time14-05-2025

  • Business
  • Bloomberg

M&G Sees Opportunity to Buy Tech Stocks on Dips

M&G Investments' Fabiana Fedeli discusses buying risk assets as traders await fresh catalysts for the rally that erased the S&P 500's losses in 2025 amid a US-China trade truce and reignited demand for technology shares. "The US exceptionalism is true and is very clear when it comes to innovation," Fedeli tells Bloomberg Television. "We have started buying into technology stocks when we saw the big selloff." (Source: Bloomberg)

Asia Stocks Set to Climb as US, China Tout 'Substantial' Trade Talk Progress
Asia Stocks Set to Climb as US, China Tout 'Substantial' Trade Talk Progress

Bloomberg

time12-05-2025

  • Business
  • Bloomberg

Asia Stocks Set to Climb as US, China Tout 'Substantial' Trade Talk Progress

Despite the moves higher in some risk assets, cooler heads warn that there's always the risk that the details of the latest China-US trade talks turn out to be underwhelming. According to Gerald Gan, deputy chief investment officer at Reed Capital Partners: " Over-promising and under-delivering was what happened to the trade talks between UK and US, among many other issues. The upcoming press conference release from Scott Bessent will likely be of such as well - false confidence on the meeting progress and no details on specific agreements.'

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