Poor U.S. growth sparks fall on EU bourses

31 January 2013

Europe’s key markets started today’s trading with slight drops, impacted by news that the US GDP growth rate slipped by 0.1 percent in the fourth quarter of 2012. France’s CAC40 index fell at today’s opening by 0.3 percent, while Spain’s IBEX3 index dropped 0.6 percent. Germany’s DAX index was down by 0.2 percent and the British FTSE250 index slipped by 0.1 percent.
Investors might have been caught by surprised by the news, as market watchers had predicted the growth for the US economy would stand at 1.1 percent.

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