A specialist works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

LONDON (AP) — Global stocks pushed higher on Wednesday on evidence that U.S. consumer spending is withstanding tax increases and on the back of upbeat corporate news.

The latest figures showed U.S. retail sales rose 0.1 percent last month despite a hike in payroll taxes. While the rise was the smallest in three months, analysts said it nevertheless showed underlying resilience in consumer spending, which accounts for 70 percent of the world’s largest economy.

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