Daytrading, Eminis, Forex trading, Swing Trading Market Analysis - 495243

Mining and energy stocks slipped along with copper and crude oil prices, weighing on the markets. The U.S.

Commerce Dept. said in its report that U.S.

GDP growth was revised down to 2.0% compared to the preliminary estimates of 2.2% growth.

Economists had been expecting the pace of GDP growth to be unrevised from the previous reading. The revised reading reflects a more notable slowdown compared to the 2.6% GDP growth rate reported for the second quarter.

Crude for February delivery fell $1.08 to $62.62 a barrel on the New York Mercantile Exchange on forecasts of mild weather for the U.

S. Northeast and after shipments returned to normal in the Gulf Coast region. The FTSEurofirst 300 index of pan-European blue chips closed 0.

15% higher at 1,479.08 points, while the narrower DJ Stoxx 50 index fell 0.17% to 3,694.

47 points. Around Europe, the U.K.

's FTSE 100 index slipped 0.24% to 6,183.70, while France's CAC 40 index declined 0.

07% to 5,510.39 and Germany's DAX index fell 0.20% to 6,573.

96. Shares of companies that rely heavily on the U.S.

for revenues fell after the report showed that the U.S. economy had its smallest expansion this year in the third quarter.

Retailer Ahold fell 1.1% and Swiss drugmaker Novartis declined 0.7%.

Heavily weighted oil stocks declined after crude oil prices fell. BP, Europe's biggest oil company, declined 0.4%, while Total, the third biggest, fell 0.

2% and Statoil, Norway's largest oil and gas company, dropped 3%. Similarly mining stocks edged lower, as copper prices fell in London. BHP Billiton, the world's biggest miner, fell 0.

7%, while Anglo American, the second biggest, slipped 1.1% and Rio Tinto, the third biggest, dropped 2.6%.

Copper miner Antofagasta lost 2.3%. Vodafone, the world's largest mobile phone operator, slipped 1.

5% after The Financial Times reported that Vodafone's board will meet today to discuss a proposed takeover offer of over $13.5 billion for Hutchison Essar, India's fourth largest mobile phone company. Amec fell 2.

7%, as Texas Pacific Group and partner First Reserve Corp. said they have abandoned plans to bid for Amec because the U.K.

engineering-services provider refused to grant access to its accounts. On the other hand, Publicis Groupe, the world's fourth largest advertising company, climbed 5.1% after the company agreed to buy Digitas Inc.

of the U.S. for $1.

3 billion in cash. Smith Nephew, Europe's biggest orthopedic devices maker, surged up 3.4% after the on-line publication The Business said the company may receive a bid from the U.

S. private equity companies buying rival orthopedic product maker Biomet Inc. EADS, parent of commercial plane maker Airbus, rose 2.

2% after Qantas Airways Ltd., Australia's largest airline, confirmed a $2.4 billion order for Airbus A380 airliners, a day after Airbus won an expanded order for the model from Singapore Airlines Ltd.