European shares kicked off with a dip, while Asian stocks showed mixed results on Friday, following a slip in US stocks as the market's significant rally post-Trump's election victory began to lose steam.

The UK's FTSE 100 saw a 0.4% drop to 8,038.17 after data from the Office for National Statistics revealed that economic growth had slowed to 0.1% in the July-September quarter, down from 0.5% in the previius quarter, falling short of analysts' predictions.

Germany's DAX also fell by 0.6% to 19,148.74, and in Paris, the CAC 40 was down by 0.8% at 7,252.69. The future for the S&P 500 was 0.8% lower, and that for the Dow Jones Industrial Average fell by 0.6%. Over in Tokyo, the Nikkei 225 index rose by 0.3% to 38,642.91. The yen has been weakening against the US dollar, which has boosted share prices for exporters like Nissan Motor Co., whose shares leapt by 4.5% on Friday.

Japan's economy grew at a 0.9% annual pace in the July-September quarter, an increase from the 0.5% rise in the previous quarter, even as the Bank of Japan raised its key interest rate to 0.25% from 0.1% in July. The BOJ announced during its October meeting that it plans to continue hiking rates, potentially aiming for 1% in the second half of the next fiscal year, starting in April, if economic activity and prices develop as expected.

The Hang Seng index in Hong Kong dipped slightly by 0.1% to 19,426.34 while Shanghai's Composite index took a heavier fall, declining 1.5% to 3,330.73, even after a National Bureau of Statistics report on Friday indicated ’s retail sales overtook expectations with a rise of 4.8% year-on-year in October. However, the boost in sales was shadowed by a slowdown in industrial output and only slight improvements in the real estate sector.

Australia's S&P/ASX 200 experienced a raise, climbing by 0.7% to reach 8,285.20, whereas South Korea’s Kospi index saw an ever-so-slight decrease of 0.1%, settling at 2,416.86. In the US, following a record high earlier in the week, the S&P 500 dropped by 0.6% on Thursday. The Dow Jones Industrial Average also fell by 0.5%, with the tech-focused Nasdaq composite diminishing by a similar margin of 0.6%.

Tesla, one of the stocks that surged following Trump's election victory, witnessed a decline as shares dropped 5.8%, marking its second setback since Election Day. Elon Musk, Tesla's chief, who has recently become a prominent ally to President Trump, would be watching closely.

Smaller companies, often thought to benefit from Trump's "America First" approach, lost more than their larger multinational counterparts, possibly affected by concerns over potential tariffs and trade wars. The Russell 2000 index, which tracks small-cap stocks, witnessed a downturn of 1.4%.

Economic figures showed that inflation at the wholesale level in the US had intensified, with October registering a 2.4% annual increase — stepping up from September's 1.9% rate and surpassing economist predictions. Meanwhile, a separate report suggests that the US job market remains robust. The number of US workers applying for unemployment benefits last week decreased, indicating that layoffs are not on the rise.

In other early Friday dealings, US benchmark crude oil dropped 98 cents to $67.72 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell by $1 to $71.56 per barrel.

The dollar depreciated to 155.51 Japanese yen from 156.23 yen, while the euro slightly increased to $1.0568 from $1.0534.