European stock market falters amid signs of slowing economic growth in euro zone

The main European markets were weak on 30 (local time), with signs of slowing economic growth in the euro area (19 countries using the euro) and a deterioration in the performance of large companies.

The DAX index of the Frankfurt Stock Exchange closed at 11,287.39, down 0.42% from the previous trading day.

The CAC 40 index based in Paris fell 0.22% to 4,978.53.

The Stoxx 50 index fell 0.25% to 3,147.13.

In London, the FTSE 100 index rose 0.14% to 7,035.85.

Growth in euro area gross domestic product (GDP) slowed in the third quarter of this year due to the announcement that it was only half of the original forecast.

Eurostat, the statistical agency of the European Union (EU), said that economic growth in the euro area in the third quarter of this year was 0.2% lower than the initial forecast of 0, 4%.

In particular, Italy, which has been at odds with the EU by introducing the budget next year that has significantly widened its budget deficit, is worried about the stabilization of growth GDP and the recession of the economy.

But Italian Prime Minister Giuseppe Conte said: "That's why we should organize the budget for expansion." He stressed that he would stick to the EU budget next year.

The Italian populist government has submitted to the EU a budget for next year, representing a deficit of 2.4% of GDP, three times more than that projected by the leftist Democratic Party, and the 39; EU ordered him to modify it. It's a situation.

Among individual stocks, the British BP oil company's share price rose 2.2%, as quarterly earnings reached their highest level in five years as crude oil prices rose.

German automaker Volkswagen also announced a profit above expectations, up 3%.

German airline Lufthansa plunged 8.1% due to higher international oil prices and lower third quarter results.

(Yonhap News / Photo = Getty Images Korea)