European stocks slump as travel companies tumble on virus worries

Dow Jones2021-07-19

European stocks skidded on Monday as travel and leisure stocks fell.

The Stoxx Europe 600 fell 1.15% to 449.50, on worries about the inability of major economies to return to normality as the COVID-19 pandemic lingers even with the emergence of vaccines. Decliners included cruise operator Carnival , plane maker Airbus and engine maker Safran .

Of the major regional indexes, the German DAX declined 0.96%, the French CAC 40 slumped 1.18% and the U.K. FTSE 100 slumped 1.12%.

In England, the lifting of many restrictions, dubbed "Freedom Day," was also coupled with new restrictions on travel to France, on worries about the beta variant of the coronavirus that causes COVID-19.

Reversing an earlier decision, U.K. Prime Minister Boris Johnson is now in quarantine until July 26 , after contact with the country's health minister, who is a confirmed coronavirus case.

The Nikkei 225 declined 1.3% in Tokyo, in what was a broad pullback across most of Asia. Infections reported in the Olympic Village ahead of the opening games underscored the difficulties the world has encountered trying to reopen economies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • at135
    2021-07-19
    at135
    [開心] 
  • Lyncia
    2021-07-19
    Lyncia
    [Anger] 
  • Rbj
    2021-07-19
    Rbj
    Comment and like pls
  • Untame
    2021-07-19
    Untame
    Would be rooting for a strong 10% downtrend in the next month...
  • bulldoze
    2021-07-19
    bulldoze
    They are opening up too fast. It's like building up a house of cards. Too fast, it will collapse
  • GoatYen
    2021-07-19
    GoatYen
    [財迷] 
Leave a comment
8