Optimism about tech earnings continues to lift U.S. markets as bitcoin’s rebound continues, says Chris Beauchamp, chief market analyst at online trading and investing platform IG.
The US and Europe differ when it comes to peaceful trade
While technology-driven economic growth continues, we once again see a disconnect between the United States and the rest of the world. AMD and TSMC’s earnings have reinforced the narrative around demand for AI, but for Europe it offers less comfort given the technology’s lower importance across the continent. In the face of ongoing supply disruptions, the outlook for the United States remains more bullish than for Europe.
Bitcoin remains above 80,000. dollars
Bitcoin’s recovery continues to go unnoticed, but the continued rebound from February lows signals a clear change in the cryptocurrency’s tone. Inflows provide much-needed support, while the broader risk tone for markets means bitcoin has a much better chance of moving back to 90k. dollars.
