European stocks fall from record but post fourth monthly gain


The pan-European index was down 0.5%, with shares in Frankfurt and Paris dropping 0.6%, each. UK and U.S. markets were closed for a holiday, keeping trading volumes muted across the board.

European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains.

The pan-European index was down 0.5%, with shares in Frankfurt and Paris dropping 0.6%, each.

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