“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.
France Dernières Nouvelles, France Actualités
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