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Shares Close Down on Disappointing US GDP Data
Published:
Friday, 27 Jan 2012 | 11:31 AM ET
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By: Reuters and CNBC.com
European shares closed down on Friday, led lower by automobile stocks, after U.S. gross domestic product (GDP) figures came in below expectations.
The FTSEurofirst 300 index index [.FTEU3
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()
] of top European shares closed 0.84 percent down after after rising as high as 1,053.23 points, the highest in six months.
European auto shares [.SXAP
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()
] fell 1.86 percent.
U.S. GDP expanded at a 2.8 percent annual rate, a sharp acceleration from the 1.8 percent clip of the prior three months and the quickest pace since the second quarter of 2010. It was, however, a touch below economists expectations for a 3.0 percent rate.
Copyright 2012 Thomson Reuters. Click for restrictions.
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Data is a real-time snapshot *Data is delayed at least 15 minutes
