LONDON ( The Deal) -- European stocks drifted lower on Monday, as a fall in euro-area economic confidence cast further doubts about the pace of recovery, while continued political unrest in Hong Kong weighed on the country's benchmark index.
In London, the FTSE 100 was down 0.36% at 6,625.46, while in Frankfurt the DAX retreated 0.26% to 9,465.53. In Paris, the CAC 40 backtracked 0.44% to 4,375.21.
More bad news about the eurozone economy came Monday from the European Commission's monthly index of executive and consumer sentiment, which dropped 0.7 points to 99.99 points in September, its lowest since December.
Later Monday, investors will be looking to the U.S. for clues about the state of the world's largest economy, where reports are due out from the Commerce Department and the National Association of Realtors.
In London, U.K. infrastructure services company Balfour Beatty (BAFYY) slumped 21.21% to 177.20 pence after announcing a further profit shortfall of around 75 million pounds at its U.K. construction services unit.
It also said it has appointed KPMG to conduct a detailed independent review of the contract portfolio within that same unit due to be completed by the end of the year. Trading across the rest of the group remains in line with expectations, it said.
The company is an advanced stage to appoint a successor to CEO Steve Marshall, and will review its final dividend for 2014 in light of the pending $1.242 billion sale of engineering consultancy Parsons Brinckerhoff to Canada's WSP Global agreed earlier this month.