Asian stocks today: Markets inch higher ahead of US economic and job data; Nikkei up 2%, HSI adds 97 points – The Times of India

Asian stocks today: Markets inch higher ahead of US economic and job data; Nikkei up 2%, HSI adds 97 points – The Times of India

Asian share markets traded in green on Wednesday, as investors balanced about weak US consumer data and about concerns about American economy. Hong Kong’s HSI added 97 points or 0.36% to reach 27,280 at 9:30 am IST. Kospi also inched higher, up 46 points to 5,348. Japan’s Nikkei also extended its rally, adding 2.28% 1,286…

Read More
US sales data: Retail sales rise 0.6% in November as holiday spending picks up; wholesale inflation stays modest – The Times of India

US sales data: Retail sales rise 0.6% in November as holiday spending picks up; wholesale inflation stays modest – The Times of India

US retail sales rose a better-than-expected 0.6% in November as holiday shopping gathered momentum, following a revised 0.1% decline in October, according to data released by the Commerce Department. The report was delayed by more than a month due to the 43-day federal government shutdown, AP reported.Retail sales had edged up 0.1% in September, after…

Read More
US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy – The Times of India

US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy – The Times of India

Retail spending in the US exceeded expectations in August, rising 0.6 percent month-on-month, government data showed on Tuesday, even as President Donald Trump’s tariffs continue to impact the global trade environment. On a year-on-year basis, retail sales climbed 5 percent.The Commerce Department data highlighted that motor vehicle and parts dealers saw a 0.5 percent increase…

Read More