LONDON, Oct 23 (Reuters) - European shares fell to their day's lows in volatile trade on Thursday as a gloomy macro background more than offset some positive surprises on the corporate earnings front.
At 0910 GMT, the FTSEurofirst 300 index of leading European shares was down 1.1 percent at 864.08 points, having just hit its low for the day at 862.64.
The index fell 5.4 percent on Wednesday and has lost more than 41 percent this year, with heightened fears about a recession adding to a credit crisis.
Banks took most points off the index. BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz), Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) and Commerzbank (CBKG.DE: Quote, Profile, Research, Stock Buzz) were down between 2.4 and 3.9 percent.
Swiss bank Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research, Stock Buzz) fell 6.8 percent after it confirmed a 1.3 billion Swiss franc third-quarter loss.
Engineering group ABB (ABBN.VX: Quote, Profile, Research, Stock Buzz) plunged 12 percent after posting a 26 percent rise in third-quarter net profit, helped by demand from emerging markets. The results missed forecasts.
Miners were mostly lower, on falling metal prices. Antofagasta (ANTO.L: Quote, Profile, Research, Stock Buzz), BHP Billiton (BLT.L: Quote, Profile, Research, Stock Buzz), Kazakhmys (KAZ.L: Quote, Profile, Research, Stock Buzz), Lonmin LON.L, Rio Tinto (RIO.L: Quote, Profile, Research, Stock Buzz), Vedanta Resources (VED.L: Quote, Profile, Research, Stock Buzz), and Xstrata (XTA.L: Quote, Profile, Research, Stock Buzz) fell between 2.3 and 7.3 percent.
Food group Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) rose 4.7 percent and agrochemicals and seed company Syngenta (SYNN.VX: Quote, Profile, Research, Stock Buzz) jumped nearly 6 percent after bullish updates.
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