PARIS, Nov 19 (Reuters) - European stocks are set to rise on Monday, tracking gains on Wall Street and in Asia on hopes of a deal in Washington to avoid a damaging "fiscal cliff". At 0725 GMT, futures for Euro STOXX 50, for Germany's DAX and for France's CAC were up 0.8-1.0 percent. On Friday, leaders of the U.S. Senate and House emerged from a meeting at the White House and said they would be flexible in efforts to settle fiscal policy differences, sparking a late rally on Wall Street.