* Juventus soars after Super League announcement
* Dankse Bank slips after CEO resigns
* German DAX posts worst session in a month (Updates to close)
By Sruthi Shankar and Susan Mathew
April 19 (Reuters) - European stocks retreated slightly from record highs on Monday, as a weaker open on Wall Street and rallying currencies offset optimism about a solid start to the earnings season.
After marking its seventh straight week of gains on Friday, the pan-European STOXX 600 index .STOXX closed little changed but fell about 0.3% from all-time highs hit earlier on Monday.
The STOXX 600 fell in afternoon trade as the euro EUR= and the pound GBP= capitalized on the dollar's weakness, said Connor Campbell, an analyst at Spreadex. Stronger domestic currencies tend to hit internationally focussed stocks in the continent. FRX/ GBP/
A weak opening on Wall Street, where the Dow Jones index .DJI fell from new highs, also spurred some profit taking in Europe, he said. .N
"The markets are at strong highs at the moment, and given that it is also a quiet day data-wise, it is not a surprise to see the markets drifting lower."
The German DAX .GDAXI slid from fresh highs to post its worst day in a month. A worrying resurgence in COVID-19 cases globally also weighed on sentiment.
Among results, Faurecia EPED.PA forecast robust current-quarter sales growth on Monday, after surging sales in China helped the French car parts maker beat market expectations in the first three months of the year. earnings for companies listed on the STOXX 600 are expected to jump more than 55% after a near 40% slide in the year-earlier quarter, according to Refinitiv IBES data.
While just 2% of those companies have reported so far, 80% topped profit expectations.
Italy's Juventus JUVE.MI surged 18% after top European football clubs including Juventus FC and Manchester United MANU.N announced a breakaway competition to rival the UEFA Champions League. Bank DANSKE.CO slipped 2.4% as Chief Executive Officer Chris Vogelzang resigned after Dutch authorities named him as a suspect in a probe into violations of money-laundering regulations at lender ABN Amro ABNd.AS . Amro rose 2.3% after it said it had reached a 480 million-euro ($574 million) settlement with prosecutors over money laundering allegations. vehicle and equipment maker CNH Industrial CNHI.MI fell 3.7% after it ended talks over the sale of truckmaker Iveco to Chinese firm FAW 000800.SZ . rising European bond yields saw euro zone bank stocks surge .SX7E , lifting the lender-heavy Spanish index .IBEX to close at one-month highs. GVD/EUR
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.