European equities close lower under pressure of disappointing financial results

LONDON (Reuters) – European stocks fell on Tuesday at the close of a volatile trading session and have not benefited from Wall Street's positive opening, penalized by disappointing financial results and disappointing returns. data showing that the growth of the economy of the euro area was less strong than expected in the third quarter.

The STOXX 50 index of the main shares of the euro area fell by 0.1%, the German DAX by 0.4%, but the British Financial Times 100 rose by 0.1%.

The slowdown in quarterly growth of the euro zone to 0.2% and signs of difficulties in Italy, which raise fears that the third largest country in the region has become one of the weakest.

The new series of financial results in the third quarter did not support sentiment.

Lufthansa fell 8.1% after German airlines exceeded forecasts in the third quarter, saying the number of flights would increase more slowly than its competitors this season, highlighting the impact of high fuel costs on profits.

BNP Paribas pulled back from the French CAC 40, down 2.8% after France's leading lender posted lower-than-expected results in the third quarter, attributable to its investment banking and banking activities. European detail.

But Volkswagen shares rose 3%, after profits of German automakers were higher than expected.