Stock indices traded lower on the weaker-than-expected GDP data from the Eurozone. Eurostat released its GDP growth figures for the Eurozone on Friday. Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the third quarter, missing expectations for a 0.4% rise, after a 0.4% gain in the second quarter.
On a yearly basis, Eurozone's preliminary GDP rose by 1.6% in the third quarter, missing expectations for a 1.7% increase, after a 1.5% gain in the second quarter.
Eurostat released no details of the component breakdown of GDP.
The U.S. economy grew 0.4% in the third quarter, after a 1.0% growth in second quarter. On a yearly basis, the U.S. economy expanded at 2.0% in third quarter, after a 2.7% increase in the second quarter.
Eurozone's unadjusted trade surplus jumped to €20.5 billion in September from €11.2 billion in August, exceeding expectations for a rise €18.2 billion.
Exports rose at an annual rate of 1.0% in September, while imports decreased by 1.0%.
Name Price Change Change %
FTSE 100 6,137.17 -41.51 -0.67 %
DAX 10,757.64 -24.99 -0.23 %
CAC 40 4,834.92 -21.73 -0.45 %