European stocks retreated before their record high, but made the fourth consecutive monthly gains


Pur Srothi Shankar and Shryashi Saniyal

(Reuters) – European shares fell to record levels on Monday in holiday shy trading in major markets, but optimism about a rapid economic recovery helped the STOXX 600 index post gains for the fourth consecutive month.

The FTSEurofirst 300 Index declined 0.53% to 1,719 points, while the pan-European STOXX 600 index lost 0.49% to 447 points.

The UK and US markets remained closed on Monday for holidays, keeping volumes low.

Among the main losses in this trading session was Deutsche Bank, which fell 1.3% after the Wall Street Journal reported that the Federal Reserve informed the German bank that persistent flaws in its money laundering controls had not been resolved.

Despite persistent concerns about rising inflation, the STOXX 600 jumped 2.1% in May, with economies gradually reopening after the lockdown and many central banks reiterating support for the recovery.

In London, the FTSE index remained closed.

In Frankfurt, the DAX fell 0.64% to 15,421 points.

In Paris, the CAC 40 index fell 0.57% to 6,447 points.

In Milan, the Ftse / Mib index fell 0.00% to 25,170 points.

In Madrid, the Ibex-35 index fell 0.82% to 9,148 points.

At LISBOA, the PSI20 fell 1.19% to 5,180 points.

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