And with Europe's markets closed, we're finished for the day.

Here's an brisk summary:

• Spain's recession has deepened. GDP fell by a worse-than expected 0.7% in the last three months as rising unemployment and austerity cutbacks hit its economy (see 8.01am onwards)

• America's economic growth has come to a surprise halt. GDP fell by 0.1% on an annualised basis (or around -0.025% in European terms) (see 1.40pm onwards)

The fall was driven by a drop in exports, government spending and inventory levels. Several experts said it was no reason to panic, but there is concern that US growth could falter in 2013 as new fiscal tightning come into effect.

• There were clashes in Greece between riot police and union members (see 3.27pm).

• European stock markets fell, led by Italy (see 5.42pm).

We'll be back tomorrow. Until then, thank you and goodnight!