European shares slid on discovery of a new virus variant while airlines and banks deteriorate
European stocks were on track for their worst one-day performance of the year, taking a hit after the discovery of a new, more virulent strain of coronavirus.
Stokes Europe 600
It fell 2.3% to 470.52, after the discovery of what is now called a B.1.1.529 variant, believed to be driving a rise in cases in South Africa. The World Health Organization is holding an emergency meeting and may call the new alternative “No”.
French CAC 40
It decreased by more than 3%, as the German DAX
and FTSE 100
United Kingdom: UKX
also fell back. US stock futures
said Dan Boardman-Weston, Chief Investment Officer at BRI Wealth Management.
Investors flocked to safer assets such as German bonds, US Treasuries, and gold, with 10-year bonds.
It fell 7 basis points to -0.32%.
The indices of each of the major sectors declined, led by the travel and leisure sector and banking. cruise operator carnival
United Kingdom: CCL
Lost 14%, British Airways Group owner of International Airlines
United Kingdom: IAG
13% faltered. The The European Union was moving to stop air traffic from South Africa, a step already taken by the United Kingdom.
Italian diagnostic tool maker DiaSorin
and the instrument maker of the French biotechnology lab Sartorius Stedam
She was among the few applicants.