European stocks dip at open; London down

EUROPE'S main stock markets fell at the start of trading on Monday, in cautious trade on the eve of the US presidential election, dealers said.

London's FTSE 100 index of top companies slid 0.44 percent to 5,842.55 points, Frankfurt's DAX 30 shed 0.58 percent to 7,320.98 points and in Paris the CAC 40 dropped 0.68 percent to 3,468.71.

"Trading volumes are expected to remain low this morning ahead of the US presidential election tomorrow," said Alpari analyst Craig Erlam.

"The race for the White House has been extremely close for months now and with just one day to go until people in the US go to the polls, traders are likely to remain risk averse."

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