Home / Market Update / Global Stock Market / European Shares Fall From Record Levels

European Shares Fall From Record Levels

European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month.

The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, and in Paris 0.1%.

Markets in Britain and the US are closed today for a public holiday, which weakened trading in general.

The Stoxx 600 allows it to rise by 2.6% in May, as economies gradually reopen after measures to combat the virus, while governments and central banks confirm their continued support to contribute to the recovery.

Deutsche Bank fell 1.7% after a report said the US Federal Reserve had told the German bank it had failed to address persistent shortcomings in anti-money laundering controls.

Check Also

Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …