U.S. shares rise as retail sales grow

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Source: Reuters
Wall Street closed higher on Tuesday snapping the previous session of steep declines after a government report showed that retail sales in the world's largest economy rose notably easing concerns that the U.S. recovery lost its momentum. The Dow Jones industrial average added 0.71% to 16,373.86, the Standard & Poor's 500 Index gained 1.08% to 1,838.88 and the Nasdaq Composite Index surged 1.69% to 4,183.016.

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Wed, 15 Jan 2014 08:20:04 GMT

Yen and Aussie fall against U.S. Dollar on retail sales

The Japanese Yen and Australia's currency slipped earlier on Wednesday session after a government report showed that retail sales in the U.S. unexpectedly increase last month pushing the U.S. Dollar from the lowest level in a month. The Yen traded at 104.31 after rising towards the most in a month at 102.85, while the Aussie fell as much as 1%

Wed, 15 Jan 2014 07:58:07 GMT

Asia's equities increase as World Bank shows global outlook

The majority of Asian stocks increased on Wednesday after the World Bank revealed its global economic outlook and as a government report showed that consumer spending in the U.S. improved notably pushing the U.S. Dollar higher. The MSCI Asia-Pacific gauge outside Japan added 0.1%, while the Singapore index gained 0.6% and Taiwan benchmark gauge rose also 0.6%.

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