In Paris, the CAC 40 finished down 0.65% at 5,636.25 points. The British Footsie yielded 0.44% and the German Dax lost 0.17%.
The EuroStoxx 50 index fell by 0.26%, the FTSEurofirst 300 by 0.29% and the Stoxx 600 by 0.32%.
Over the week, the Stoxx 600 has grazed 0.08% and the CAC 40 lost 0.52%.
The general climate was weighed down by the slowdown in China's economic growth in the third quarter, which fell to a low of nearly 30 years, in the context of the trade dispute with the United States, which is weighing more and more heavily on the economy. second largest economy in the world. "Even though industrial production and retail sales have increased in China, investors have been very disappointed by the 6.0% GDP (…)," said Pierre Veyret at ActivTrades, which also discusses profit.
Concern over Brexit remained in the foreground after the London-Brussels deal. It must now be ratified by the House of Commons at a special meeting on Saturday.
"This agreement still stands a good chance of being retaliated by the British Parliament. One can quite envision a parliamentary rebellion that would force the government to ask a new deadline to the European Union (…) The saga of Brexit is far from over ", commented Saxo Bank.
VALUES
Another negative factor for the trend is corporate earnings. Several big European names have issued warnings on their results starting with Renault, which finished at the back of the Stoxx 600 (-11.48%). The French manufacturer has announced that its annual sales will contract and that its margin would be lower than expected in the car due to difficulties in some markets in a general context unfavorable for the sector.
In its wake, the Stoxx auto index lost 1.71%, the largest sectoral decline in Europe.
The French food giant Danone dropped 8.42% after quarterly results below expectations and a revision of revenue growth forecasts for 2019.
Thales also suffered (-5.44%) after lowering its 2019 organic growth target and Fnac Darty fell 14.02% in the wake of the publication of quarterly results below analysts' expectations.
A WALL STREET
The three New York indexes were trending downward at the time of European closing: the Dow Jones index lost 0.45%, the Standard & Poor's 500 fell by 0.40% and the Nasdaq Composite by 0.67 %.
In the stock market, Coca-Cola and Schlumberger gained 2.81% and 1.99%, respectively, after quarterly results exceeded expectations.
Dow Jones' biggest drop, Johnson & Johnson was down 4.57% after announcing the recall of a batch of baby talcum powder in the United States after the Food and Drug Administration found traces of asbestos in a bottle purchased online.
EXCHANGE
The dollar index is down against a basket of reference currencies including the euro which amounted to 1.115 dollars.
The British pound stabilized against the dollar, not far from the five-month high hit on Thursday at 1.2988, after the new Brexit deal.
Analysts at BNP Paribas expect the pound to climb to $ 1.33 if the deal is approved Saturday in the British Parliament. In case of rejection, she could lose the gains of the last days. The pound has gained 2% since the beginning of the week and over the month it has taken about 5%.
RATE
In the bond market, the yield on the 10-year Bund finished slightly higher at -0.385%. Its US equivalent fell back to 1.74%, after a peak the day before at 1.799%.
OIL
Oil prices are declining, hurt by concerns about economic growth in China, the largest importer of crude oil.
North Sea Brent lost 0.47% to 59.63 dollars and the US light crude (WTI) fell below 54 dollars.
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