Polish equity market continued to decline on Monday. The broad market measure, the WIG index, lost 0.48%. From a sector perspective, materials (-5.07%) fared the worst, while informational technology sector (+1.84%) was the best-performing group.

The large-cap stocks' measure, the WIG30 Index, fell by 0.47%. The weakest performers among the index components were BORYSZEW (WSE: BRS), KGHM (WSE: KGH), SYNTHOS (WSE: SNS), CCC (WSE: CCC) and ORANGE POLSKA (WSE: OPL), which produced losses between 3.94% and 5.62%. On the other side of the ledger, ASSECO POLAND (WSE:ACP) recorded the strongest daily performance, soaring by 3.64% on better-than-expected quarterly results: the company posted Q3 revenue of PLN 1755 mln versus consensus of PLN 1685 mln and net profit of PLN 101.6 mln versus consensus of PLN 86.5 mln. GTC (WSE: GTC) emerged as the second best-performing stock in the WIG30 adding 3.32%. It was followed by oil and gas sector names PKN ORLEN (WSE: PKN) and LOTOS (WSE: LTS), climbing by 2.74% and 2.55% respectively, as retreating oil prices are seen to be beneficial for the companies' downstream segments.

Stock indices closed mixed as Friday's terror attacks in Paris weighed on stock markets. Terror attacks' impact on markets was limited.

The European Central Bank (ECB) Vice President Vitor Constancio said in Frankfurt on Monday that terror attacks in Paris could have a negative impact on markets.

"It can compound all the problems that we were already facing," he said.

"Markets, so far, are taking it calmly," Constancio added.

He also said in a speech in Frankfurt on Monday that the central bank will continue its asset-buying programme until the inflation will pick up toward the central bank's 2% target.

Constancio pointed out that there are downside risks to the outlook for growth and inflation in the Eurozone from the slowdown in in emerging economies and "unfavourable developments in financial and commodity markets".

He noted that the inflation in the Eurozone remains low due to low oil prices and a lack of demand.

Meanwhile, the economic data from the Eurozone was positive. Eurostat released its final consumer price inflation data for the Eurozone on Monday. Eurozone's final harmonized consumer price index rose 0.1% in October, in line with the preliminary reading, after a 0.2% increase in September.

On a yearly basis, Eurozone's final consumer price inflation increased to 0.1% in October from -0.1% in September, exceeding the preliminary reading of 0.0%.

Restaurants and cafés prices were up 0.10% year-on-year in October, vegetables prices rose by 0.14%, fruit gained 0.07%, fuel prices for transport declined by 0.68%, heating oil prices decreased by 0.22%, while gas prices were down by 0.09%.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco climbed to an annual rate of 1.1% in October from 0.9% in September, beating the preliminary reading of 1.0%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,146.38 +28.10 +0.46 %

DAX 10,713.23 +4.83 +0.05 %

CAC 40 4,804.31 -3.64 -0.08 %

Major U.S. stock-indexes mixed on Monday after largest weekly loss since August last week on the back of weak economic data and disappointing earnings from retailers.

Dow stocks mixed (17 in positive area, 13 in negative area). Top looser - Pfizer Inc. (PFE, -0.97%). Top gainer - Cisco Systems, Inc. (CSCO +1.95%).

S&P index sectors also mixed. Top looser - Conglomerates (-0.6%). Top gainer - Utilities (+0,7%).

At the moment:

Dow 17259.00 +53.00 +0.31%

S&P 500 2024.00 +5.50 +0.27%

Nasdaq 100 4498.75 -3.25 -0.07%

Oil 40.43 -0.31 -0.76%

Gold 1084.80 +3.90 +0.36%

U.S. 10yr 2.25 -0.03

The Bundesbank said in its monthly report on Monday that there is no risk of a drop in the global economy.

"A noticeable easing in economic growth or even a slump in the global economy, as has been expressed in the public debate about developments in some emerging markets, is not apparent," the Bundesbank said.

The Bundesbank noted that the slowdown in the global economy this year was driven by a weak economy in commodity-producing countries as commodity prices slid.

The German economy is expected to expand moderately, driven by consumer demand.

The European Central Bank (ECB) Vice President Vitor Constancio said in Frankfurt on Monday that terror attacks in Paris could have a negative impact on markets.

"It can compound all the problems that we were already facing," he said.

"Markets, so far, are taking it calmly," Constancio added.

A citizens' petition forced a debate in Finish parliament whether to leave the Eurozone or not, according to a senior parliamentary official. The parliament will debate next year.

Finns are disappointed with the country's economic performance.

According to property tracking website Rightmove, the average asking price for a house in the U.K. declined by 1.3% in November, after a 0.6% rise in October.

"New-to-the-market sellers have dropped their asking prices at this time of year for the last eight years, with an average drop of 1.9% over the last five years. Those looking to market their property as Christmas gets closer often have a greater sense of urgency to find a buyer and sensibly recognise that trimming their asking price will provide an incentive to potential buyers more focussed on seasonal Christmas trimmings," Rightmove director and housing market analyst Miles Shipside said.

On a yearly basis, house prices in the U.K. climbed 6.2% in November, after a 5.6% increase in October.

The European Central Bank (ECB) purchased €12.58 billion of government and agency bonds under its quantitative-easing program last week.

The European Central Bank's (ECB) President Mario Draghi said at a press conference in October that the value of the ECB's asset-buying programme will be discussed at the monetary policy meeting in December.

ECB'S asset buying programme is intended to run to September 2016.

The ECB bought €1.61 billion of covered bonds, and €56 million of asset-backed securities.

U.S. equity-index futures were little changed.

Global Stocks:

Nikkei 19,393.69 -203.22 -1.04%

Hang Seng 22,010.82 -385.32 -1.72%

Shanghai Composite 3,607.03 +26.19 +0.73%

FTSE 6,131.9 +13.62 +0.22%

CAC 4,785.4 -22.55 -0.47%

DAX 10,692.63 -15.77 -0.15%

Crude oil $40.94 (+0.54%)

Gold $1087.30 (+0.59%)

The New York Federal Reserve released its survey on Monday. The NY Fed Empire State manufacturing index rose to -10.74 in November from -11.36 in October, missing expectations for an increase to -6.25.

A reading above zero indicates expansion, while a reading below zero indicates contraction.

"The November 2015 Empire State Manufacturing Survey indicates that business activity declined for a fourth consecutive month for New York manufacturers," the New York Federal Reserve said in its report.

The new orders index increased to -11.82 in November from -18.91 in October, while the shipments index climbed to -4.10 from -13.61.

The general business conditions expectations index for the next six months increased to 20.33 in November from 23.36 in October.

The price-paid index increased to 4.55 in November from 0.94 in October.

The index for the number of employees was up to 4.55 in November from -8.49 last month.

Statistics Canada released foreign investment figures on Monday. Foreign investors added C$3.35 billion of Canadian securities in September, after an investment of C$5.78 billion in August.

August's figure was revised up from a sale of C$3.1 billion.

Canadian investors sold C$6.2 billion of foreign securities in September, all non-US foreign instruments.

(company / ticker / price / change, % / volume)

Upgrades:

Downgrades:

Walt Disney (DIS) downgraded to Neutral from Buy at Guggenheim

Other:

Deere (DE) initiated with a Hold at Societe Generale

United Tech (UTX) resumed with a Neutral at Credit Suisse; target $108

General Electric (GE) added to Short-Term Sell List at Deutsche Bank

Statistics Canada released manufacturing shipments on Monday. Canadian manufacturing shipments fell 1.5% in September, after a 0.6% decline in August. August's figure was revised down from a 0.2% decrease.

The decline was driven by falls in the motor vehicle assembly and the petroleum and coal product industries.

Sales of petroleum and coal products dropped 7.1% in September, while sales in in the motor vehicle assembly industry slid 10.3%.

Inventories fell 0.4% in September.

Sales decreased in 13 of 21 categories.

The European Central Bank (ECB) Executive Board member Yves Mersch said in an interview with the French newspaper Les Echos on Sunday that the central bank has not decided yet if to add further stimulus measures or not. The ECB will decide on it in December, he added.

"We will examine the effects of measures taken so far and decide if there is a need for further action or not," Mersch said.

He pointed out that the central bank's decision will depend on the outlook for 2017.

Stock indices traded mixed as Friday's terror attacks in Paris weighed on stock markets.

The European Central Bank (ECB) Vice President Vitor Constancio said in a speech in Frankfurt on Monday that the central bank will continue its asset-buying programme until the inflation will pick up toward the central bank's 2% target.

Constancio pointed out that there are downside risks to the outlook for growth and inflation in the Eurozone from the slowdown in in emerging economies and "unfavourable developments in financial and commodity markets".

He noted that the inflation in the Eurozone remains low due to low oil prices and a lack of demand.

Meanwhile, the economic data from the Eurozone was positive. Eurostat released its final consumer price inflation data for the Eurozone on Monday. Eurozone's final harmonized consumer price index rose 0.1% in October, in line with the preliminary reading, after a 0.2% increase in September.

On a yearly basis, Eurozone's final consumer price inflation increased to 0.1% in October from -0.1% in September, exceeding the preliminary reading of 0.0%.

Restaurants and cafés prices were up 0.10% year-on-year in October, vegetables prices rose by 0.14%, fruit gained 0.07%, fuel prices for transport declined by 0.68%, heating oil prices decreased by 0.22%, while gas prices were down by 0.09%.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco climbed to an annual rate of 1.1% in October from 0.9% in September, beating the preliminary reading of 1.0%.

Current figures:

Name Price Change Change %

FTSE 100 6,127.93 +9.65 +0.16 %

DAX 10,726.44 +18.04 +0.17 %

CAC 40 4,804.77 -3.18 -0.07 %

The European Central Bank (ECB) Vice President Vitor Constancio said in a speech in Frankfurt on Monday that the central bank will continue its asset-buying programme until the inflation will pick up toward the central bank's 2% target.

"The asset purchase programme will keep our balance sheet expanding until we see a sustained adjustment in the path of inflation," he said.

Constancio pointed out that there are downside risks to the outlook for growth and inflation in the Eurozone from the slowdown in in emerging economies and "unfavourable developments in financial and commodity markets".

He noted that the inflation in the Eurozone remains low due to low oil prices and a lack of demand.

Eurostat released its final consumer price inflation data for the Eurozone on Monday. Eurozone's final harmonized consumer price index rose 0.1% in October, in line with the preliminary reading, after a 0.2% increase in September.

On a yearly basis, Eurozone's final consumer price inflation increased to 0.1% in October from -0.1% in September, exceeding the preliminary reading of 0.0%.

Restaurants and cafés prices were up 0.10% year-on-year in October, vegetables prices rose by 0.14%, fruit gained 0.07%, fuel prices for transport declined by 0.68%, heating oil prices decreased by 0.22%, while gas prices were down by 0.09%.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco climbed to an annual rate of 1.1% in October from 0.9% in September, beating the preliminary reading of 1.0%.

The Bank of Canada Deputy Governor Carolyn Wilkins said on Friday that there is a transition to non-resource-intensive industries in Canada.

"Resources are going to need to move from the oil industry - investment is down a lot, we think it's going to be down 40 per cent this year and another 20 per cent next year - to non-resource-intensive industries, like manufacturing," she said.

Wilkins added that when the transition is done, Canada's economy could expand in the 2% range next year and 2.5% in 2017".

Japan's Cabinet Office released its final gross domestic product (GDP) data for Japan late Sunday. Japan's GDP declined by 0.2% in the third quarter, missing expectations for a 0.1% fall, after a 0.3% decrease in the second quarter.

Business investment fell 5.0% year-on-year in the third quarter, while private consumption rose 2.1%.

On a yearly basis, Japan's economy shrank 0.8% in the third quarter, missing forecasts of 0.2% decline, after a 1.2% fall in the second quarter.

U.S. stock indices fell on Friday amid weak earnings reports from big retailers and weaker-than-expected inflation data.

The Dow Jones Industrial Average fell 202.83 points, or 1.2%, to 17,245.24 (-3.7% over the week). The S&P 500 lost 22.93 points, or 1.1%, to 2,023.04 (-3.6% over the week). The Nasdaq Composite declined 77.20 points, or 1.5%, to 4,927.88 (-4.3% over the week)

Nine out of S&P's ten sectors fell. Nasdaq posted its worst weekly result since August 21.

Data showed on Friday that U.S. retail sales rose only 0.1% in October missing expectations for a 0.4% increase because of lower spending at gas stations, car dealers and grocery stores.

This morning in Asia Hong Kong Hang Seng dropped 1.48%, or 332.00, to 22,064.14. China Shanghai Composite Index declined 0.19%, or 6.74, to 3.574.82. The Nikkei 225 lost 0.83%, or 162.96, to 19,433.95.

Asian indices fell with travel-related stocks leading declines in the wake of tragedies in Paris.

CNBC wrote on Monday morning quoting IG's market strategist Evan Lucas that "the horrific events in Paris on Friday are likely to have a short, sharp effect in markets but in the long-term, real effects are more likely to influence political risk than the markets themselves."

Meanwhile Japanese government reported a 0.2% contraction of the country's GDP in the third quarter. Economists had expected a 0.1% drop.

(index / closing price / change items /% change)

Nikkei 225 19,596.91 -100.86 -0.51 %

Hang Seng 22,396.14 -492.78 -2.15 %

Shanghai Composite 3,581.7 -51.20 -1.41 %

FTSE 100 6,118.28 -60.40 -0.98 %

CAC 40 4,807.95 -48.70 -1.00 %

Xetra DAX 10,708.4 -74.23 -0.69 %

S&P 500 2,023.04 -22.93 -1.12 %

NASDAQ Composite 4,927.88 -77.20 -1.54 %

Dow Jones 17,245.24 -202.83 -1.16 %