Market Overview - Asian shares showed moderate gains, with the Hang Seng in Hong Kong up 0.3% and the Shanghai Composite index also rising 0.3% [1][2] - South Korea's Kospi increased to 5,346.34, while Australia's S&P/ASX 200 climbed 1.5% to 8,999.20 and Taiwan's Taiex jumped 1.7% [2] US Retail and Economic Indicators - A report indicated that US retailers earned less than expected during the holiday season, leading to concerns about consumer spending momentum [3][4] - Mizuho Bank noted a weakening demand in eight out of thirteen retail categories, including clothing and furniture [3] - The S&P 500 fell 0.3% to 6,941.81, while the Dow Jones Industrial Average rose 0.1% to 50,188.14, and the Nasdaq composite decreased by 0.6% to 23,102.47 [3] Federal Reserve and Interest Rates - The Federal Reserve is expected to consider the latest economic data when deciding on interest rates, with potential cuts on hold due to inflation concerns [5] - A weakening job market could prompt the Fed to resume interest rate cuts more quickly [5] Company Earnings Reports - Coca-Cola's stock fell 1.5% after its revenue for the latest quarter did not meet analysts' expectations, and its growth forecast was lower than anticipated [6] - S&P Global's stock dropped 9.7% following a disappointing profit forecast, amid concerns about competition from AI-powered companies [7] - Warner Bros. Discovery's stock rose 2.2% after Paramount increased its offer to acquire the company [8] Acquisition Details - Paramount is raising its offer for Warner Bros. Discovery by $0.25 per share for each quarter the buyout remains pending, demonstrating confidence in regulatory approval [9] - Paramount also plans to pay $2.8 billion to assist Warner Bros. Discovery in exiting its deal with Netflix [9] Commodity Prices - US benchmark crude oil increased by $0.53 to $64.49 per barrel, while Brent crude rose by $0.52 to $69.32 per barrel [10] - The price of gold rose by 0.8%, and silver increased by 2% [10]
Asian markets edge higher after weak US retail data weigh on Wall Street