(Reuters) – European shares fell on Monday as a result of the rapid spread of a new strain of the coronavirus leading to a tougher closure in England and a travel ban from many countries, while the Brexit trade deal remained hanging in the balance.
Following last week’s higher end, the pan-European STOXX 600 index slipped 2.3% after the UK reversed an effective lockout and reversed plans to reduce invitations over the year. Christmas because they were dealing with a new coronavirus strain up to 70% more portable than the original one.
Canada as well as European neighbors, including Germany, Italy and the Netherlands, ordered the cessation of flights from Britain, and the French ban also included flights. the carriage of goods, whether by road, air, sea or rail.
Concerned about the new blow to economic recovery, FTSE London fell 2.1% even as the pound plunged. German DAX was down 2.3% [.L]
Travel and leisure stocks were losing 5.5% and were on track for their worst day in three months, while oil majors were losing losses in Europe due to a new restriction. encourages concerns about hitting demand and pressure on raw prices. [O/R]
Reporting by Susan Mathew in Bengaluru; edited by Uttaresh.V