(MENAFN - AFP) European stocks steadied on Monday as investors paused after last week's gains and mulled news that French state-controlled giant EDF had won a huge contract to build a British nuclear plant.
In morning deals, London's benchmark FTSE 100 index climbed 0.17 percent to 6,633.76 points.
In Frankfurt, the DAX 30 eased 0.11 percent to 8,855.78 points and in Paris the CAC 40 index retreated 0.29 percent to 4,273.69 compared with Friday's closing levels.
"The FTSE 100 is up ... as traders ease back into the swing of things now that the spectre of US default has been avoided," said analyst Alastair McCaig at trading firm IG.
European equities had rallied last week after the United States narrowly avoided a debt default, and following news of stronger Chinese economic growth.
On Monday, Paris investors seized on news of a major deal in the energy sector.
French energy giant EDF has clinched a deal worth 16 billion (26 billion, 18.9 billion euros) to build Britain's first new nuclear plant for a generation, with Chinese backing.
EDF has agreed to construct two nuclear reactors at Hinkley Point C, in southwestern England, alongside French nuclear group Areva and Chinese nuclear firms CGNPC and CNNC.
Areva will construct the two EPRs or European Pressurized Reactors, taking a 10-percent stake in the project, while EDF Group will have a 45-50 percent stake.
China General Nuclear Corporation (CGN) and China National Nuclear Corporation (CNNC) will together take a 30-40 percent holding.
In reaction to the deal, the price of shares in Areva jumped by 5.66 percent to 15.58 euros .
EDF slid 0.12 percent to stand at 25.67 euros. The French state owns 84 percent of EDF and 87 percent of Areva.
In Frankfurt, German business software giant SAP posted rising third-quarter net profits, lifted by its cloud computing activities.
Quarterly net profit rose to 762 million euros (1.04 billion), up 23 percent from a year earlier at SAP, a leader in supplying software systems for industrial sites and business management.
SAP's share price rallied 5.25 percent to 56.33 euros in response to the upbeat numbers.
Asian markets mostly rose on Monday, with sentiment buoyed by last week's deal in Washington to avert a default, as well as a record close on Wall Street.
Hong Kong added 0.42 percent, Shanghai jumped 1.62 percent, Tokyo rose 0.91 percent and Sydney advanced 0.57 percent, while Seoul was flat.
With the US government shutdown and default crisis out of the way for the time being, investors are now eyeing the delayed release of US non-farm payrolls data on Tuesday.
The figures, delayed because of the shutdown, will give investors a better idea of the state of the US economy and could have a bearing on when the Federal Reserve winds down its stimulus.
In foreign exchange market action on Monday, the European single currency slid to 1.3673 from 1.3682 late in New York on Friday, when it had hit an 8.5-month peak at 1.3704.
The dollar firmed to 98.06 yen from 97.72 yen on Friday. Sterling was steady at 84.55 pence to the euro, and eased to 1.6171.
Sterling was steady at 84.55 pence to the euro and at 1.6171.
The price of gold advanced to 1,318.21 an ounce on the London Bullion Market, from 1,316.50 on Friday.
Investors took a positive lead from New York on Friday, where the S&P 500 surged 0.65 percent to another record high, while the Dow put on 0.18 percent.
The Nasdaq jumped 1.32 percent to highs not seen since September 2000 thanks to a surge in Google shares, which topped 1,000 after the Internet giant posted a 36 percent rise in third-quarter net profit.