OREANDA-NEWS. November 16, 2011. US stocks went up with Technology and Industrials as the leaders. S&P 500 index added 0.48%, Russell 2000 Index was up by 1.39%. VIX added  0.29% to 31.22. Good statistics supported equities. PPI declined 0.3% m/m in October with the core PPI unchanged.

Retail sales rose by 0.5% in October vs consensus forecast of 0.3%. Excluding auto and gas components, sales rose 0.7%.

Of 440 companies reported, 323 topped analysts’ expectations in terms of EPS so far in the US. In Europe beat to trail ratio was 144:139.

Asian indices mostly fell on Wednesday. S&P/ASX 200 was down by 0.89%. Korean Kospi lost 1.32%, Hang Seng  - was down by 2.72%. Japanese Nikkei lost 0.82%. Shanghai stock indices declined by 2% as rumors on credit problems in Shanghai were circulating.

EU CPI data, Spanish and French notes auction will be in focus in Europe today.

CPI index, Industrial Production are to be released in the US.

6 S&P 500 companies and 5 Bloomberg Europe Index companies are to present quarterly earnings reports.