European markets fell on Monday as investors monitored a rapidly expanding new version of coronovirus, which has closed in the UK
The Pan-European Stakes 600 declined 1.8% in early trade and the travel and leisure stocks declined 4%. All areas and major areas slipped into negative territory.
Traders are witnessing the new Kovid mutation in the UK, resulting in a tight lockout in London and other parts of south-east England and a U-turn on a mix of homes over the Christmas holiday.
The variants are thought to be up to 70% more infected than the original strain of the disease. The World Health Organization said it has so far been identified in Denmark, the Netherlands and Australia.
It has blocked travel to Britain in many countries and elsewhere in Europe. France, Germany, Italy, Ireland and the Netherlands stop flights from Britain, Canada and Israel.
The situation may further complicate Brexit negotiations. The UK and the EU remain at a deadlock over Brexit trade relations as of the 31 December deadline over post-Brexit relations, with disputes over issues such as fishermen talks.
Sterling sank sharply against the dollar, falling 1.7% to around $ 1.33.
In Asia, stocks are mixed as a coronovirus condition in parts of North Asia – such as Japan and South Korea – remains severe.
Meanwhile, US futures were flat after the Congress agreed to a $ 900 billion coronovirus stimulus package. Lawmakers will vote on the Relief and Financing Bill on Monday.
In terms of data, the euro zone consumer confidence data is scheduled to be released at 3 pm London time.
Travel stock is a problem
British Airways parent IAG reported a 13.5% drop in early trade to lead a broader decline for airlines and travel companies.
Cruise operator Carnival dropped 8.8%, while Tui, Lufthansa and Rolls Royce all slipped more than 7%.