CAC 40 Down 15 Points

French stocks fell modestly on Monday amid lack of fresh catalysts after the U.S. midterm elections.

The benchmark CAC 40 was down 15 points or 0.30 percent at 5,091 in opening deals after losing half a percent on Friday. Atos, Capgemini, Dassault Systemes, Michelin and STMicroelectronics were among the prominent decliners.

In economic releases, French gross domestic product is set to grow 0.4 percent in the fourth quarter of this year, the Bank of France projected in its latest monthly business survey report.

The pace of growth accelerated to 0.4 percent in the third quarter from 0.2 percent in the second quarter, largely underpinned by domestic demand and exports.

Elsewhere, Asian markets turned in a mixed performance as global growth worries persisted and investors awaited key economic indicators from China due Wednesday for directional cues.

U.S. stock futures indicate a positive open on Wall Street after sharp losses on Friday.

FTSE 100 Rises Led By Energy Stocks

U.K. stocks were moving higher on Monday, even as markets elsewhere across Europe fell on global growth worries and amid lack of fresh catalysts after the U.S. midterm elections.

The benchmark FTSE 100 was up 29 points or 0.42 percent at 7,134 in opening deals, with weakness in the pound and rising oil prices supporting underlying sentiment.

BP Plc jumped over 2 percent and Tullow Oil rallied 2.5 percent as oil prices climbed after record run of losses on the back of news that Saudi Arabia would reduce crude sales in December.

Oilfield services firm John Wood Group gained more than 3 percent after winning three contracts totaling $53m from Abu Dhabi National Oil Company.

Rio Tinto shares advanced 3.6 percent. The mining giant successfully completed its off-market buy-back, achieving its share purchase target of approximately 41.2 million shares for a total consideration of US$2.081 billion.

Funeral services provider Dignity Plc tumbled 3.6 percent after reporting a sharp drop in third-quarter profit.

British American Tobacco lost more than 8 percent on reports of a ban on menthol cigarettes. Shares of Imperial Brands fell nearly 3 percent.

European Shares Set To Follow Asian Peers Lower

European stocks may open on a subdued note Friday, with worries about a slowdown in China and concerns over Italy’s budget deficit likely to keep investors cautious, heading into the weekend.

Gold prices fell to their lowest level in a week and the dollar gained versus the euro and sterling after the Federal Reserve left rates unchanged, but signaled further gradual increases in rates despite signs of a slowdown in the pace of growth in business investment.

Italian budget concerns also returned to the fore after the Italian government insisted it would stick with its plan to rapidly increase public spending.

Shortly after the European Commission published its pessimistic forecasts for Italy, the country’s Finance Minister Giovanni Tria said the numbers come from an “inadequate and partial analysis.”

Asian markets are trading lower, with energy stocks tumbling after crude oil entered a bear market.

China’s Shanghai Composite index fell 1.4 percent and Hong Kong’s Hang Seng index was down as much as 2.4 percent after reports that Beijing plans to set quotas for banks’ loans to private companies.

Dismal China inflation data for October also suggested that economic momentum in the world’s second-largest economy is softening in the face of simmering trade frictions with the United States.

Overnight, U.S. stocks ended mixed after the Fed signaled it was still on course to hike interest rates in December.

The Dow Jones Industrial Average inched up marginally, while the S&P 500 slid 0.3 percent and the Nasdaq Composite shed half a percent.

European markets also ended mixed on Thursday after the European Union warned of slowing growth across the single currency bloc.

The pan-European Stoxx Europe 600 index gained 0.2 percent. The German DAX dropped half a percent and France’s CAC 40 index slipped 0.1 percent while the U.K.’s FTSE 100 rose 0.3 percent.