On Friday European stocks fell, trimming the Stoxx Europe 600 Index’s first October rally in three years, as concern mounted that further stimulus will fail to sustain the pace of the economic recovery. Asian stocks and US futures fell.

Sandvik AB retreated 4.7% as the world’s biggest maker of metal-cutting tools posted profit that missed analysts’ predictions. Piraeus Bank SA sank 5.4% after the Greek bank announced plans to raise 800 million euros ($1.11 billion) in a sale of new shares to boost its capital.

European shares fell slightly during early trading with miners weaker on lower metals prices and traders cautious ahead of third-quarter US GDP data and the Federal Reserve's statement on quantitative easing next week. The FTSEurofirst 300 index of top European shares was down, after rising 0.4% in the previous session. The index is on course for a gain of more than 2% for the month of October.

Metals prices fell, as the dollar strengthened. Miners to fall included Antofagasta, Anglo American, Rio Tinto and Xstrata.

Energy companies rose as crude prices remained relatively high, despite some profit-taking on Friday. Prices in October traded mostly between $80 and $85, up from between $72 and $80 in September.

U.S. oil demand was stronger in August than previously estimated, the US Energy Information Administration said on Thursday. BP, Royal Dutch Shell and BG rose between 0.7 and 0.9% while Total was 0.1% lower after third-quarter earnings.

British Airways fell, even as it reported its first profit in two years, with traders citing profit-taking after a strong run.

Japanese stocks fell, sending the Topix index to its longest losing streak in more than three months, as a strengthening yen added to concern about earnings growth and some companies missed their profit estimates.