European shares closed down more than 2% and recorded their worst session in nine months on Monday (19), on concerns that the fast-spreading delta variant of the coronavirus could slow the global economic recovery.
Procedures Related to commodities, banking and travel lost more than 3%Stock indices related to oil and travel and leisure reached their lowest levels since February.
Continuing last week’s losses, the European STOXX 600 Index fell 2.3%, with all sectors declining.
“Investors are very concerned (of the risk) that … another blockage could occur in a month or two,” said Ross Mold, chief investment officer at AJ Bell. “Covid is spreading quickly again, and airlines, restaurants and entertainment companies may not have the strong summer buzz they had hoped for.”
The British Medical Association says it is irresponsible to announce an end to restrictions in England
In the United Kingdom, new cases of Covid-19 rose to 48,161 on Sunday, while in France a minister said a return of curfew measures could not be ruled out if infections continued to rise.
- In London, the FTSE fell 2.34% to 6,844.39 points.
- In Frankfurt, the DAX index fell 2.62% to 15,133.20 points.
- In Paris, the CAC 40 lost 2.54% to 6,295.97 points.
- In Milan, the Ftse/Mib index fell 3.34% to 23,965.92 points.
- In Madrid, the Ibex-35 index fell 2.40% to 8,301.70 points.
- In Lisbon, the PSI20 index fell 2.70% to 4,894.43 points.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.