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
XX: SXXP

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
FR: PX1

It decreased by more than 3%, as the German DAX
DX: DAX

and FTSE 100
United Kingdom: UKX

also fell back. US stock futures
YM00

ES00

also shook.

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.
BX: TMBMKDE-10Y

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
IT: DIA

and the instrument maker of the French biotechnology lab Sartorius Stedam
FR: faint

She was among the few applicants.

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