Europe Closes Mixed, Asia Lower

European stock markets closed mixed on Friday. In London, the Financial Times-Stock Exchange 100 lost 18.60 points, or 0.40%, to close at 4624.20, after slightly below expectations third quarter GDP figures from the U.S. The economy grew by 3.7%, up from a 3.3% growth rate in the second quarter, but a dash below analysts' estimates. However, the final reading of Michigan consumer sentiment survey for October was revised higher, while the Chicago PMI reading came in at 68.5 from a 61.9 in September. BP slipped 0.38%. Shell fell 1.55%, as investors focused on its missing oil reserves. Eurotunnel derailed by 5.13% after unveiling a new business plan.

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