U.S. and European exchanges continue to fall on fears of recession and negative statistics

U.S. stock indices fell significantly after the release of economic statistics, Prime reported. At the end of trading session the Dow Jones lost 1.54%, the S&P 500 - 2.11%, NASDAQ - 2.84%.

The U.S. GDP decline for the second quarter was expected to be 0.6%. Positive data on the US labor market did not dampen the indices plunge; in particular, the initial claims for unemployment benefits over the latest week declined contrary to analysts' expectations and amounted to 119,000, whereas the forecasted growth was 215,000.

Meanwhile, gasoline prices in the States resumed the growth they have demonstrated for more than a week. As of Thursday, according to the American Automobile Association, its price was $3,782, while a week ago it was $3,684.

European bourses also ended trading in the negative. German DAX dropped 1.71%, British FTSE 100 - 1.77%, French CAC 40 - 1.53%. Besides the recession threat and worsening gas situation in the region, the pressure was given by the preliminary data on inflation in Germany for September, which set a new historic record - 10%.