Global Shares Trade Mixed, Oil Prices Rise Ahead of OPEC Meeting

U.S. economy grows at 5.2% annual pace, consumer spending rises at 3.6% annual rate

• European shares were mostly higher on Wednesday after a mixed session in Asia, where selling of property and technology shares pulled Chinese benchmarks lower.
• Oil prices rose ahead of a meeting of OPEC members set for Thursday.
• The U.S. economy grew at a brisk 5.2% annual pace from July through September, the government reported Wednesday, an upgrade from its previous estimate of 4.9%.
• Consumer spending, the lifeblood of the economy, rose at a 3.6% annual rate from July through September.
• Wall Street capped a choppy day of trading with a mixed finish Wednesday as a late-afternoon pullback among several Big Tech companies offset gains elsewhere in the market.

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