Reuters: Hot Stocks: Australia shares weaken after rate cut, U.S. data weighs

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares weaken after rate cut, U.S. data weighs Dec 4th 2012, 05:15 Tweet Share this Email Print Tue Dec 4, 2012 12:15am EST (Updates to close) CANBERRA, Dec 4 (Reuters) - Australian shares slipped 0.6 percent on Tuesday, weakening further after the central bank cut interest rates a quarter point to a record-matching low, with investor sentiment dampened by concerns about U.S. growth and Washington budget talks. The Reserve Bank of Australia (RBA) cut its main cash rate to 3.0 percent following its monthly policy meeting, bringing the easing since May to 125 basis points and matching the trough hit during the darkest days of the global financial crisis. The benchmark S&P/ASX 200 index lost 27.9 points to 4,503.6, according to the latest data. It rose 0.6 percent on Monday to a five-week high. New Zealand's benchmark NZX 50 index fell 0.8 percent to 4,015.7. (Reporting by Maggie Lu Yueyang; Editing by Jonathan Thatcher) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions