Wholesale prices rose less than expected in December, a positive sign for the economy amid recent market fears that inflation isn't falling as quickly as hoped to the Federal Reserve's 2% target. Tuesday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3.3% from the year prior.
Open FlipUS-listed Chinese stocks jumped premarket Tuesday after Bloomberg reported that the Trump team is considering a gradual approach to tariff hikes. Online retailers JD.com and Pinduoduo spiked as much as 4% and 3%, respectively. Alibaba and Baidu rose close to 2%. Chinese electric vehicle maker XPeng surged even higher, climbing more than 9%.
Open FlipCapital Numbers Infotech, the digital consulting and IT engineering services provider, is set to hit Dalal Street with its Rs 169-crore initial share sale on January 20. This is the biggest SME IPO in the current calendar year so far. The company will open its anchor book for institutional investors on January 17, while the issue will close for public subscription on January 22.
Open Flip