European stocks fell on Monday, as the super-rapid spread of a new strain of the Corona virus led to tighter closures in England and travel bans from many countries, while uncertainty still surrounds the post-Brexit trade agreement.
After ending last week on an increase, the European STOXX 600 index fell 2.3% after Britain imposed an effective closure and canceled plans to ease restrictions in the period of Christmas celebrations, as it was exposed to a new strain of Corona virus that spread 70% faster than the original strain.
Against the backdrop of fears of a new impact on the economic recovery, the FTSE 100 in London suffered a loss of 2.1% even as the pound fell. The German DAX index fell 2.3%.
Travel and leisure stocks fell 5.5% on their way to their worst daily performance in three months, while major oil companies led losses in Europe, as new restrictions raised concerns about demanding demand and pressured crude prices.
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