European markets close lower after data - Breaking The News
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European markets close lower after data

EPA/WILL OLIVER

Stock exchanges in Europe closed Friday's trading session with losses as investors digested the latest economic data in the region.

Britain's gross domestic product expanded at a lower-than-expected rate in the third quarter, seemingly rekindling concerns about the country's economic stability. Industrial production in the United Kingdom declined in September, while its trade deficit widened to £11.4 billion.

London's FTSE 100 fell 0.10% with B&M Retail Limited going down by 5.12%. The DAX declined 0.12% as Sartorius AG fell 6.0%. The Euro Stoxx 50 dropped 0.76% with ASML Holding NV tumbling 5.45%. The CAC 40 slid 0.51% as Publicis Groupe shed 5.42%.

The euro rose 0.25% against the dollar, selling at 1.05458 at 5:30 pm CET. The pound sterling lost 0.20% versus the greenback, trading at 1.26330.

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