US shares decline on Fed decision

Note: This section contains information in English only.
Source: Marketwatch

US equities dropped for a second straight day after Fed decided to leave its key interest rate unchanged and retail sales rose at slower pace than predicted. Dow Jones Industrial Average tumbled 0.6% or 66.45 points to 11,954.94, S&P 500 Index lost 0.9% or 10.74 points to 1,225.73, while Nasdaq Composite was down 1.3% or 32.99 points at 2,579.27.

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Wed, 14 Dec 2011 08:15:52 GMT

Euro depreciates close to 11-month low

17-nation currency traded 0.2% from 11 month record low against US dollar on Wednesday's Tokyo trade ahead of today's European bond auction. Drop in euro shows investor belief the turmoil is far from being solved, suggest analysts. Euro tumbled to $1.3033 in Tokyo. Consequently Japanese yen strengthened to 2-month high at ВҐ101.61. EUR/USD currently is trading at $1.3045 while EUR/JPY is trading at ВҐ101.68.

Wed, 14 Dec 2011 08:14:57 GMT

House votes on payroll tax cut extension

On Tuesday the white house lawmakers voted to approve a workforce tax cut motion which also includes the Keystone pipeline provision. Proposal won with 234 votes for and 193 against. The bill now has to be approved by the Senate. However, President Obama may veto the Keystone pipeline proposal, said the House. Payroll tax extension would prolong 4.2% payroll levity cut which is due 31

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