LONDON (The Deal) -- European stocks were mixed on Monday, with France's benchmark index recovering by late morning following an initial slide after Europe's worst terrorist attacks in more than a decade. Travel stocks including TUI (TUIFY) were lower.
By around midday Paris time, the CAC index was holding steady at 4804.85, recovering from earlier declines. In London, the FTSE had inched up 0.15% at 6,127.42, while in Frankfurt the DAX was 0.27% higher at 10,737.82.
Europe remains on high alert after at least 129 people were killed in the French capital on Friday night at various locations, with the reported mastermind of the attack still at large on Monday. On Sunday, France bombed the Islamic State's de facto headquarters in the Syrian city of Raqqa, in an air raid its Defense Ministry said had been coordinated with American forces.
In Paris and elsewhere, airline and travel stocks were among the biggest decliners. Air France-KLM (AFLYY) erased 5.63% and Aéroports de Paris retreated 6.9% in Paris, while Deutsche Lufthansa (DLAKY) was down 1.9% in Frankfurt.
In London, travel and tourism operator TUI was the biggest decliner with a 5.63% drop while British Airways parent International Consolidated Airlines Group (BABWF) registered a 3.6% decline and cruise operator Carnival (CCL - Get Report) was 2.6% lower. Intercontinental Hotels Group was down nearly 2%.
Adding to the morning's volatility, the EU's statistics agency revised its eurozone annual inflation rate for October upward to 0.1%, from a previous rate of zero, amid rising prices mainly from vegetables, restaurants and cafes and fruits.
Other stocks moved on corporate news.
Premier Oil (PMOIY) gained 6.25% in London after announcing a $120 million deal to sell its Norwegian assets to Norway's Det norske oljeselskap ASA. Premier Oil said it will use the proceeds to trim debt as it continues to tweak its portfolio.
In Zurich, Sonova Holding slumped more than 8% after the world's largest maker of hearing aids lowered its full-year outlook. The company is now forecasting sales to grow by 6% to 8% this year, down from an original forecast of 7% to 9%, amid lower than expected sales of cochlear implants.
Asian stocks were mainly lower, with the the Nikkei down 1.04% to 19,393.69 as new data revealed Japan's economy slipping back into recession. The Hang Seng erased 1.72% to 22,010.82 in Hong Kong.
The one exception was China, where the Shanghai Stock Exchange Composite Index added 0.73% to 3,606.958.
The country's two mainland equities exchanges announced late Friday that margin requirements will be raised from 50% to 100% starting Nov. 23, in a move aimed at preventing systemic risks in the country's financial system.