U.S. shares drop for third day ahead of economic data

Source: Bloomberg
U.S. shares retreated, making it the third straight day of declines for Standard & Poor's 500 Index after its previous record, as the economic data are awaited for indications on when the Fed will scale back its stimulus. The S&P 500 slid 0.2% to 1,798.24 as of 9:30 a.m. New York time; however, the gauge has rallied 26% this year, competing with the year 2003 for the best one-year advance in 15 years.
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Tue, 03 Dec 2013 16:36:08 GMT

Brazilian economy declines for first time since 2009

Brazilian economy posted the first quarterly decline for the first time in more than two years, as the GDP shrank 0.5%, comparing with the previous quarter. Economists predicted the economy to decline not much than 0.3%. At the same time, the country's economy advanced 1.8% in Q2, up from the previous estimate. Analysts predict the economic growth in Brazil to

Tue, 03 Dec 2013 16:25:07 GMT

RBA leaves the main rate unchanged

The benchmark interest rate in Australia was kept unchanged after the Reserve Bank meeting on Tuesday, matching economists' expectations. Therefore, the rate now is at its historic minimum level of 2.5%. Last time the RBA decreased the main rate in August, namely by 25 basis points. The RBA Governor said that the regulator is still uncertain about strength of the

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