The latest virus situation in the UK is causing jitters to spread across the region as travel bans are returning
- Eurostoxx -2.0%
- Germany DAX -2.1%
- France CAC 40 -1.1%
- UK FTSE -1.0%
- Spain IBEX -2.8%
The travel and leisure sector is down by over 5% with oil and bank sectors both seen down by more than 4% as the session gets underway.
Although the travel ban is mostly for the UK now, there is a growing fear that this mutated virus strain could spread across the region and cause renewed lockdowns and further travel curbs going into the new year.
From a technical perspective, the DAX is seen pulling back further after testing its pre-pandemic highs towards the end of trading last week:
