for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

European stocks slip from record high, Deutsche Bank drags

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

May 31 (Reuters) - European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism about a swift economic recovery put the benchmark index on course for a fourth month of gain.

The pan-European STOXX 600 index was down 0.1% by 0714 GMT, with shares in Frankfurt falling 0.2% and Paris dipping 0.1%.

UK and US markets are closed for a holiday, keeping trading activity muted across the board.

The STOXX 600 was on course to record a 2.6% rise in May as economies gradually reopened after lockdowns, while governments and central banks reiterated support to help the recovery.

Deutsche Bank slipped 1.7% after a report said the U.S. Federal Reserve told the German lender it was failing to address persistent shortcomings in its anti-money-laundering controls. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up