“The semiconductor sector has been troubled, but signs of recovery are picking up,” said Kiyong Seong, lead Asia macro strategist at Societe Generale in Hong Kong. “Markets have positioned for a recovery in the second half of this year so anything supportive of that is helpful for prices.”
Currency trade was lightened by a holiday in Japan but the drift was in line with the broader mood – sending the dollar down a little bit in favour of riskier currencies. Oil nursed sharp Wednesday losses, and Brent crude futures clung to support around $80 a barrel on Thursday. Wall Street indexes fell overnight and are eyeing their worst week of the year so far as stronger-than-forecast U.S. labor, inflation, retail sales and manufacturing figures have traders pricing interest rates staying higher for longer.
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Microsoft inks Nvidia game deal to assuage regulators over Activision merger - BusinessWorld OnlineBRUSSELS – Microsoft Corp. has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against the proposed Microsoft–Activision tie-up. The move may allay concerns by ensuring more ways for consumers to get games controlled by Microsoft, but regulators around the […]
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