U.S. shares drop on economic growth worries

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Source: Bloomberg
© Scanpix/Associated Press
U.S. shares declined for a fourth straight day on worries over U.S. budget talks and economic growth as investors speculated that the Middle East tensions started to ease. The Standard & Poor's 500 Index retreated 0.3% to 1,697.42 as of 4 p.m. New York time, while the Dow Jones Average slipped 0.4% to 15,344.59.
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Wed, 25 Sep 2013 11:11:03 GMT

German consumer confidence touches 6-year high

Consumer sentiment in the Europe's largest economy reached its strongest level in a six-year period at the end of September amid favourable outlook of the economy in general, a survey published by the research group GFK revealed on Wednesday. According to the survey, consumer confidence recorded 7.1 points in October, more than a level of 7 in September.

Wed, 25 Sep 2013 10:49:03 GMT

Most European shares decline ahead of U.S. data

Most European shares retreated as U.S. durable-goods and housing data were awaited by investors. The Stoxx Europe 600 Index slid 0.1% to 312.89 as of 8:07 a.m. London time; however, the equity-benchmark has gained 5.2% in September as the Fed did not start tapering its monetary stimulus programme.

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