Eurostat released its GDP growth figures for the Eurozone on Wednesday. Eurozone's preliminary gross domestic product (GDP) increased by 0.4% in the first quarter, missing expectations for a 0.5% rise, after a 0.3% gain in the fourth quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.0% in the first quarter, missing expectations for a 1.1% increase, after a 0.9% gain in the fourth quarter.

Eurostat released no details of the component breakdown of GDP.

The U.S. economy grew 0.1% in the first quarter, after 0.5% in fourth quarter. On a yearly basis, the U.S. economy expanded at 2.4% in first quarter, after a 3.0% increase in the fourth quarter.