Euro zone shares fell slightly this morning, pulling back further from their highest point in almost two years, dragged lower by financials and as holidays in major markets such as the UK and the US kept investors away.
The Paris CAC was down 11 points (0.2%) to stand at 5,326 by 10.30am, while the Frankfurt DAX dipped two points (0.02%) to trade at 12,600.
Dublin's ISEQ index was also weaker this morning, dropping 10 points (0.15%) to stand at 6,964. Shares in FBD Holdings were down 1.2% to €8.25, while Datalex fell 1.3% to €3.75 and Aryzta lost 1% to trade at €31.27. Ahead of its annual results tomorrow, shares in Ryanair were down 0.9% to €17.77.
Earlier in Asian trade, Tokyo's Nikkei index inched four points (0.02%) lower to close at 19,683 as North Korea's latest missile launch had a muted impact on markets. The Hang Seng index in Hong Kong rose 62 points (0.2%) to finish at 25,702 after a record close on Wall Street last week.
US stocks ended little changed on Wall Street on Friday ahead of the long holiday weekend for Memorial Day today. The S&P 500 and Nasdaq eked out record closing highs, and the S&P 500 posted a seventh session of gains in a row - matching a winning streak from February.
The Dow Jones ended down three points (0.01%) at 21,080, while the S&P 500 gained a point (0.03%) to close at 2,416 and the Nasdaq Composite added five points (0.08%) to finish at 6,210.