US shares increase amid Fed stimulus bets following GDP data

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Source: Bloomberg
US shares advanced, after the Dow Jones Industrial Average's reached a four-week low, as lower than predicted GDP rate and jobless claims increased speculation the Fed will keep stimulus. The S&P 500 Index climbed 0.4% to 1,654.41 and the Dow gained 0.1% to 15,321.53. The US gross domestic product grew at a 2.4% annual percentage rate in the first quarter, lower than 2.5% expected.
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Fri, 31 May 2013 11:04:41 GMT

Eurozone unemployment hits a record high with low inflation

The unemployment rate in the 17-nation currency area has reached a record high and inflation stays well under the European Central Bank's goal, indicating the challenge that EU officials is facing to recover the economy. The joblessness rate in the Eurozone increased to 12.2% in April, indicating a record high since 1995.

Fri, 31 May 2013 12:57:55 GMT

U.K. shares retreat as FTSE 100 declines

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