European Stocks Seen Falling After Dow Selloff


European stocks were seen falling on Monday, tracking a sharp drop in U.S. stocks on Friday triggered by signs of economic slowdown in corporate earnings reports.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 115 and 117 points lower, the German DAX 154 to 162 points lower and the French CAC 40 121 to 140 points lower.

"Friday's slump on Wall Street is going to dominate market sentiment as the new trading week gets underway in Europe with the major indices all being forecast to start the day with triple digit losses," Matt Buckland, trader at CMC Markets, wrote in a note.

The FTSEurofirst 300 index of top European shares closed 0.6 percent lower on Friday, at a two-week low of 1,563.83 points, as worries over the impact of the credit market squeeze hit bank shares, while disappointing U.S. earnings spurred concerns over the world's biggest economy.