Microsoft and Roku set the tone- CPI Next.

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It was a relatively quiet trading day. Major indices rose sharply in the final 30 minutes of the trading session. This seems to be the trend these days. So do take note of this behaviour.

There are two main corporate news coming from Microsoft and Shopify. Let’s dive into the details.

Microsoft is a step closer to the acquisition.

The FTC was unsuccessful in its bid to have the injunction to stop the acquisition by Microsoft to purchase Activision Blizzard based on a US District judge ruling.

The main opposition to the deal rest upon the idea that Blizzard has a popular game, Call of Duty franchise. If Microsoft is to acquire Blizzard, it will give the tech giant large control over the console gaming market. Yet, the judge did not see substantial merit in this argument.

Microsoft has committed to a 10-year plan to continue the publication of the Call of Duty games within Sony’s PlayStation consoles. Likewise, the company has also worked with Nintendo to have the game in the ecosystem should the merger be completed.

What’s next for Microsoft in the acquisition?

Attention is now shifting to the UK approval narrative. After all, it needs the nod from UK’s Competition and Markets Authority to proceed with the acquisition.

To achieve that, Microsoft can consider ways to amend the transaction to please the UK regulatory agency.

Roku is shining in the bath of the new deal.

Shares of Roku jumped on Tuesday as the streaming TV platform announced a joint collaboration with Shopify, an e-commerce company, to work on allowing customers to purchase products directly through their TVs from Shopify merchants.

How it works is simple. Merchants participating in this initiative can offer viewers their products, and customers need to press the “OK” sign on the remote to understand more about the advertised product.

Then they can purchase directly from their TV and check out on Roku Pay.

Shopping gets easier these days. Don’t you agree too?

What’s on the menu today?

At 8.30 pm, what we have eagerly anticipated will arrive. The CPI data will be a game changer for the equity market that is moving directionless as investors look for cues from the data to assess the next step better.

it is 12 July, Wednesday, 9.10 am in Singapore and 9.10 pm in New York. As we await the CPI data, we have sold off our trading positions from last week and are better positioned on the risk side.

We hope all friends have a safe trading day ahead!