scorecardresearchGlobal Markets Wrap: Stocks Rise as Traders Weigh China Data, Fed Rates

Global Markets Wrap: Stocks Rise as Traders Weigh China Data, Fed Rates

Updated: 15 Nov 2022, 08:18 AM IST
TL;DR.
Shares rose in Hong Kong and mainland China as a poor reading for retail sales underscored how much the economy has to benefit from the government’s recent efforts to recalibrate Covid curbs. A gauge of Asian equities headed for the highest in two months and contracts for the S&P 500 and the Nasdaq 100 were up.
Guests during the Mobileye IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by�Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Photographer: Michael Nagle/Bloomberg

Guests during the Mobileye IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by�Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Photographer: Michael Nagle/Bloomberg