End-of-day summary:
Australian shares fell for the fifth time in six sessions despite positive leads from Europe and Wall Street futures during last night's Memorial Day holiday in the US.
The ASX 200 dropped 22 points or 0.28%. A mixed market saw slender gains for the major supermarkets, CSL and most of the banks outweighed by declines across a majority of sectors.
Sellers were unmoved by positive signals ahead of the resumption of US trade tonight. S&P 500 futures firmed 0.14% this afternoon.
Overnight, the pan-European Stoxx 600 gained 0.32% after central bank officials indicated the European Central Bank would likely beat the Federal Reserve and RBA to the punch by lowering rates next month.
