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Europe Shares Seen Down As Much As 1%

European stocks are seen extending losses on Monday after hitting their lowest close in more than six weeks last session, when a downbeat U.S. jobs report deepened fears of a U.S. recession.

Financial bookmakers expect Britain's FTSE 100 to open down as much as 0.9 percent, while Germany's DAX and France's CAC 40 are both seen falling as much as 1 percent at the open.

The FTSEurofirst 300 index closed down 1.1 percent at 1,269.42 on Friday, while U.S. stocks fell to close at their lowest level in 19 months and Japan's benchmark Nikkei average hit a two and a half year closing low on Monday.

With little on both economic and corporate calendars investors may keep a close eye on oil prices which steadied above $105 a barrel.