Europe stocks slide as COVID worries swamp investors
European stocks tumbled on Monday, tracking losses across global equities, as investors faced worries over surging COVID-19 cases and restrictions to combat them, alongside concerns a key U.S. spending bill was in trouble.
The Stoxx Europe 600 index SXXP, -2.11% was down 2.3% to 462, after finishing last week with a 0.4% drop. The German DAX DAX, -2.65% was down 2.8%, the French CAC PX1, -2.01% was down 2.3% and the FTSE 100 index UKX, -1.74% was off 2.2%. The euro EURUSD, +0.21% rose 0.1% and the British pound GBPUSD, -0.41% fell 0.2%.
Europe also tracked losses for U.S. stock-index futures ES00, -1.62% NQ00, -1.63% YM00, -1.57%, which fell on COVID concerns and worries that President Joe Biden’s key $2 trillion spending bill was in trouble after Sen. Joe Manchin , said on Sunday that he couldn’t support it. That development prompted Goldman Sachs to cut its 2022 U.S. growth forecasts.
Among the heavyweights, chip group ASML Holding fell 2%, German business software group SAP SAP, +0.71% SAP, -3.09% fell 3%, while luxury-goods group LVMH Moët Hennessy Louis Vuitton’s MC, -1.63% stock dropped 2.6%. AstraZeneca shares AZN, -1.87% AZN, -0.97% fell 1.8%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bruins and Predators shut down due to COVID-19 outbreaksThe National Hockey League (NHL) on Saturday said it would postpone all Boston Bruins and Nashville Predators games at least through Dec. 26 due to the spread of COVID-19.
Les mer »
COVID-19 pills could be game-changer, but doctors worry about early access, uptakeAs rates of COVID-19 infections rise during the holidays and omicron cases surface across the United States, drug companies Pfizer and Merck are preparing to launch the first COVID-19 pills.
Les mer »
Nets' Durant, Irving enter COVID-19 health and safety protocolsBrooklyn Nets stars Kevin Durant and Kyrie Irving have entered into the league's COVID-19 health and safety protocols, multiple media outlets reported on Saturday.
Les mer »
Sailors Free at Last From Covid-19 Ship Lockdown Find Little to Do on Shore LeaveAmong the first to be free from the strictures that defined Navy life during Covid-19, a crew of U.S. sailors took 'liberty' ashore. In a tourist town in the Black Sea, they found the pandemic wasn't done with them after all.
Les mer »
Queen’s Brian May Tests Positive for COVID-19: ‘The Shocking Day Finally Came’“It has been a truly horrible few days, but I’m OK,” May says.
Les mer »
Biden extends deadline for businesses to meet COVID-19 vaccine ruleThe Biden administration will give employers additional time to abide by a federal requirement that workers get vaccinated against COVID-19 or be subject to testing after a federal court reinstated the rule.
Les mer »