European shares end at three-week low, led down by miners, banks
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* FTSEurofirst 300 index falls 1.7 percent
* Mining companies, banks lead declines
* Commerzbank sharply down after profit slump
By Atul Prakash and Danilo Masoni
LONDON/MILAN, May 3 (Reuters) - European shares fell to a three-week low on Tuesday, with Commerzbank leading the decline after a slump in profits and mining stocks falling along with metals prices.
Germany's Commerzbank fell 9.6 percent after posting a 52 percent drop in first-quarter net profit, hit by volatile capital markets and low interest rates.
"The numbers for the first quarter did not come in well ... However, external factors that have also hit other banks hard appear to be the main reason for that," said Landesbank Baden-Wuerttemberg analyst Ingo Frommen in a note.
Traders said media reports about Commerzbank's role in a tax-evasion scheme also weighed on the stock. Commerzbank said its internal systems made sure that all trades were consistent with German law. Continuación...