European stocks headed for fourth-straight monthly win, but softer Asian data, holidays weigh

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European stocks traded flat on Monday, with markets in London and the U.S. closed for holidays, investors looked to a mixed Asian session.

European stocks were headed for the fourth straight month of gains for May, but the month was winding down on a lackluster note Monday after tepid economic news out of China and Japan.The Stoxx Europe 600 SXXP, -0.05% was flat at 448.88, just under Friday’s record closing level of 448.98. For May, the index has gained around 2.5% month to date. The German DAX DAX, -0.24% slipped 0.3% and the French CAC 40 PX1, -0.00% rose 0.1%, and are up around 2.3% and 3.5%, respectively, for the month.

Read: Life might feel more certain this summer, but betting on a calm stock market still could go wrong Elsewhere, May retail sales in Japan fell from the previous month and factory output rose above pre-pandemic levels for the first time, but came in short of expectations.

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