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View the article online at http://citywire.co.uk/wealth-manager/article/a728033

Overnight Markets: Wall Street rebounds on retail sales

by Himanshu Singh on Jan 15, 2014 at 03:47

In contrast, Intuitive Surgical (ISRG.O) advanced 6.8% after the surgical equipment maker gave a strong fourth-quarter outlook.

Time Warner Cable Inc. climbed 2.7% after rejecting an acquisition offer from Charter Communications Inc.

In Asia, shares gained on Wednesday in midsession after US retail sales topped estimates and the World Bank raised its global growth forecast.

The MSCI Asia Pacific Index advanced 0.3% to 139 as of 12:29 p.m. in Hong Kong. Japan’s Topix (TPX) index jumped 1.4% after the yen slipped 1.2% against the dollar yesterday.

South Korea’s Kospi index advanced 0.2%. Australia’s S&P/ASX 200 Index added 0.4% and New Zealand’s NZX 50 Index climbed 0.9%.

Hong Kong’s Hang Seng Index (HSI) gained 0.3% and China’s Shanghai Composite slid 0.6%. Singapore’s Straits Times Index added 0.7% and Taiwan’s Taiex index rose 0.8%.

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