U.S. and European exchanges fell on U.S. GDP data

Key US and European stock indexes closed yesterday's trading in negative territory after the release of statistics on US GDP, which was better than expected. Its growth in the third quarter, according to final estimates, was 3.2% against expectations of 2.9%.

As analyst of portal Briefing.com Patrick O'Hare commented the situation, the opinion of which is cited by Prime agency, the positive results increased the fears of investors that the Federal Reserve can continue to tighten the credit monetary policy. On this background the Dow Jones lost 1.05%, the S&P 500 lost 1.45% and the NASDAQ lost 2.18%. German DAX lost 1.30%, British FTSE 100 lost 0.37% and French CAC 40 lost 0.95%.

Statistics on the U.S. economy were provided by the U.S. Department of Commerce. The first two estimates suggested a 2.6% and 2.9% increase in third-trimester GDP, respectively.

In addition, yesterday released data on the U.S. labor market, which also exceeded analysts' expectations. The number of initial jobless claims rose to 216,000, while the forecast was 222,000.