European shares mostly retreated this morning after striking record closing highs last week as investors paused before launching into a week packed with economic data and the European Central Bank's first policy meeting of the year.  

London's FTSE index lost 30 points (0.4%) to stand at 7,645 by 11.30am, while the Paris CAC fell 16 points (0.27%) to 6,084 but the Frankfurt DAX managed to edge nine points (0.07%) higher to trade at 13,533.

Dublin's ISEQ index was also marginally higher this morning, inching up two points (0.03%) to 7,196. Shares in both Glanbia and Kerry were up 1.4% to stand at €10.90 and €117.20 respectively. Shares in Donegal Investment Group rose 2.2% to €13.90 while Kingspan gained 0.8% to trade at €55.

Earlier in Asian trade, Tokyo's Nikkei index gained 42 points (0.2%) to close at 24,084 with investor sentiment buoyed by fresh record-setting advances on Wall Street and a weak yen against the dollar. But the Hang Seng index in Hong Kong fell 260 points (0.9%) to finish at 28,796 with investors cashing in their profits following last week's gains.

Wall Street stocks again finished at record highs on Friday night, capping a positive week of trade-related news and mostly solid corporate earnings. 

The Dow Jones ended up 0.2% higher at 29,348, while the broad-based S&P 500 gained 0.4% to close at 3,329 and the tech-rich Nasdaq Composite Index advanced 0.3% to finish at 9,389.