Bloomberg Intelligence News

As the risk of sizable losses on commercial real estate loans grows, Canadian banks’ earnings are poised to take a hit, according to the head of Canada’s financial-system regulator.

What had been touted as Wall Street’s big rotation into smaller firms sputtered just as quickly as it started. 

Ethereum's native token, ETH.It is vital to note that they are yet not cleared to trade but a step has been taken in that direction.Interestingly, SEC’s green signal appeared unlikely only a few days ago. One ETF analyst James Seyffart at Bloomberg Intelligence said, “A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval."There are speculations that ETF approval could lead to 60 percent rally as ETH buying increases.

BlackRock’s spot Bitcoin exchange-traded fund (ETF) trading under the ticker symbol “IBIT” broke its personal record on Tuesday attracting $1.3 billion record daily volume, according to Eric Balchunas from Bloomberg Intelligence.

India’s tech sector index, which includes Infosys Ltd. and Tata Consultancy Services Ltd., rallied 12% in the three months through December, powered by a global rally in the space after a dovish pivot by the Federal Reserve. India’s tech stocks trade at about a 30% premium to the broader market. Improved sentiment aside, IT earnings remain under pressure. “Although sentiment has improved, it has not yet been reflected in actions,” said Mukul Garg and Pritesh Thakkar, analysts at Motilal Oswal Financial Services. Analysts at Nomura expect the ongoing slowdown to weigh on discretionary tech spending into the 2025 financial year. Firms in the sector are focused on integrating generative AI into their operations and training employees to use the tool effectively. Earnings at Samsung Electronics Co., which is set to benefit from AI chip demand this year, found support from higher shipments of DRAM chips during the quarter. Highlights to look out for:

The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would pave the way towards the record highs around 4800 while a failure would increase the risk of a double top pattern.

The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would pave the way towards the record highs around 4800 while a failure would increase the risk of a double top pattern.

Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, says Bloomberg’s senior ETF analyst Eric Balchunas. 

During the European session, Bitcoin is trading bullish, having bounced off above $18,900 to trade at $19,300. According to data compiled by cryptocurrency research firm Santiment, the proportion of large investors who hold the cryptocurrency with the largest market capitalization, Bitcoin (BTC), is growing.

The newly launched short bitcoin (BTC) exchange-traded fund (ETF) from ProShares with the ticker BITI saw a slow start in the market on its first day of trading, before interest picked up noticeably on the second day.

The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.

Bitcoin (BTC) plunged below $40,000 on March 4 and has been trading below the level throughout the weekend.

Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market.