European shares fell on Thursday as investors take into account the effects of a possible Fed rate hike in December on liquidity. The Europe Dow Index, which tracks the leading 30 companies across Europe, fell 1.37%. Britain's FTSE 100 fell 40 points, or 0.63% to 6,396. Germany's DAX lost 8 points, or 0.08% to 10,823. France's CAC 40 fell 15 points, or 0.31% to 4,876.

Wall Street opened lower in tandem with their European counterparts, with Dow Jones shedding 41 points, or 0.23% to 17,736. S&P 500 fell 4.4 points, or 0.21% to 2,086. NASDAQ lost 23 points, or 0.47% to 5,072.

Dollar saw its recent gains evaporate as U.S. GDP growth for third quarter came at a meager 1.5%, less than the 1.6% forecast, and a mile less than second quarter's 3.9% growth. Also having an effect was unemployment claims, coming at 260K for last week, better than the forecast but less than previous week's results. Dollar index DXY lost 0.13% to 97.50. Against Euro, it retreated to 1.0966. Against Sterling it fell to 1.5286. It lost most of its gains for the day against Yen, trading at 120.98.

British sales for October fell to their lowest level in six months, a report from the Confederation of British Industry showed. Sterling gave up ground against Euro to trade at 0.7166. Against Yen it fell to 184.07 before recovering to 185.04.

Oil was choppy, with Brent Futures for December losing two cents, or 0.04% to $49 a barrel. U.S. futures rose 42 cents, or 0.87% to $46.34 a barrel.

Spot gold lost a heavy 23 dollars, or 2 percent to $1,153 an ounce. Silver fell 55 cents, or 3.36% to $15.74 an ounce.