U.S. shares rise after reaching new highs

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Source: Reuters
Wall Street opened lower on Wednesday trading session as risk appetite of investors improved after the benchmark indexes recorded their new all-time highs yesterday. The Standard & Poor's 500 Index added 0.10% to 1,895.62, the Dow Jones industrial average gained 0.11% to 16,697.81 and the Nasdaq Composite index surged 0.28% to 4,118.68.

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Wed, 14 May 2014 16:29:05 GMT

U.S. producer prices rise in April

Producer prices in the world's largest economy increased in April rising by more than economists originally expected as food prices posted a notable advanced on the month, the latest data released by the Labor Department showed on Wednesday. The U.S. producer price index gained by 0.6% in the month of April after rising by 0.5% in the prior month.

Wed, 14 May 2014 16:07:04 GMT

Euro steadies as BoE keeps rates stable

The 18-nation bloc currency held steady versus its U.S. counterpart on Wednesday and it rebounded from the weakest level in sixteen months against the British Sterling after the Bank of England decided to maintain its interest rates unchanged. The Euro was traded at $1.3710 after falling to $1.36885 yesterday, while it was last seen at 81.75 pence.

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