"I do think M&A is back," State Street Investment Management's Altaf Kassam tells Bloomberg Television. "Consolidation, the rewiring of the global trade order, I think that all comes together into spurring M&A to improve efficiency," he adds. (Source: Bloomberg)
Gold is rallying on rate cut expectations and geopolitical risk, while bitcoin has struggled to hold key psychological levels and remains sensitive to the same forces that tend to hit equities and other risk assets.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Australia and Singapore with Annabelle Droulers and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shapinβ¦
Chicago wheat futures rose for a fifth session, headed for the longest rally since April, as Black Sea supply risks and weather uncertainties support prices.
Gold is up 70% while the cryptocurrency is down 6% after it failed to bounce back from a rapid October sell-offAnother week, another record high for the price of gold. And another blow to the bitcoin fan clubβs hopeful thesis about owning βdigital goldβ. This year has been hard for the bitcoin brigaβ¦
South Korea said excessive won weakness isnβt desirable and foreign-exchange markets will soon see the governmentβs strong determination. The currency strengthened.
The dollar is heading for its worst annual performance in eight years, and the options market is signaling that traders are preparing for more downside in the final sessions of 2025 and beyond.
Rolling coverage of the latest economic and financial newsThereβs no sign of the fabled Santa rally yet, with the London stock market a little lower in early trading.The FTSE 100 share index has dipped by four points to 9,885 points, 45 points away from its all-time high. Continue reading...