U.S. shares inch lower on GDP data

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Source: Reuters

Wall Street shares swung between gains and losses on Wednesday trading session after a government report showed that gross domestic product in the U.S. by less than expected in the first three months of this year. The benchmark index Standard & Poor's futures slipped 2 points, the Dow Jones industrial average futures lost 2 points and the Nasdaq Composite futures fell 10 points.

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Wed, 30 Apr 2014 14:10:05 GMT

Euro rises on inflation report

The Eurozone's currency increased on Wednesday recovering from previous drops after a report showed that inflation in the euro-area accelerated by 0.7% in April cooling speculation that the European Central Bank may cut its benchmark interest rates further next week. The Euro rose versus the U.S. Dollar to a level of $1.3824 today.

Wed, 30 Apr 2014 10:41:08 GMT

Daimler increases Q1 profit as Mercedes disappoints

Daimler AG, the third biggest luxury car manufacturer in the world, announced a considerable 95% increase in profit for the first three months of this year, as EBIT reached 1.79 billion euros. At the same time, despite rise in sales, Mercedes cars division contributed only 7% to total sales, less than predicted at 10%. Today, Daimler AG shares drop 2.2%

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