European markets plunged on Monday as investors watched the fast-growing new variant of the corona virus, which closed most of the UK
Pan-European Stokes 600 Shares of travel and leisure fell 4%, leading to a loss of 1.8% in early trade. All sectors and major businesses entered the negative territory.
Traders in the UK are watching the new Govt mutation with tension, resulting in a tight lock-up in London and other parts of the south-east of the UK and a U-turn in mixing homes during the Christmas break.
This variant is thought to be 70% more contagious than the original strain of the disease. It has been identified so far in Denmark, the Netherlands and Australia, according to the World Health Organization.
That led to Many countries in Europe and elsewhere to block travel from Britain. France, Germany, Italy, Ireland and the Netherlands, as well as Canada and Israel, have banned flights from the UK.
The situation will further complicate the Brexit negotiations. Post-Brexit trade relations between Britain and the European Union have been at a standstill since the December 31 deadline, and there have been controversies over issues such as the stimulation of fisheries talks.
Sterling Sank hard against the dollar, Falling 1.7% to 33 1.33.
In Asia, stocks traded are active in parts of North Asia, such as Japan and South Korea, where the corona virus situation is mixed.
Meanwhile, the US future is flat after Congress reached an agreement Billion 900 billion corona virus trigger package. Legislators will vote Monday on the relief and finance bill.
According to the data, Eurozone consumer confidence figures are due to be released at 3pm London time.
Travel stocks suffer
British Airways Parents IAG fell 13.5% in early trade, causing a broad decline for airlines and travel airlines.
Cruise operator Carnival fell 8.8%, while Tui, Lufthansa and Rolls-Royce all fell more than 7%.
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