TravelEuropean shares slump with vacation names tough strike as...

European shares slump with vacation names tough strike as investors fret more than new COVID variant


European stocks fell sharply early Friday, with significant losses for journey shares and power names following a new most likely extremely contagious variant of COVID was detected in South Africa. The Stoxx Europe 600 index
slid 3.8% to 465, with the German DAX
down 3.5%, the French CAC 40
sliding 4.3% and the FTSE 100 index
down 3.4%. The U.K. has introduced it will halt journey from South Africa and various other African international locations as of Friday. Shares of International Consolidated Airlines
slid 10%, cruise operator Carnival
slumped 16% and Deutsche Lufthansa
dropped 12%. Energy names also weighed closely as crude fell extra than 5% to $73.91 a barrel. BP shares
fell 8%.

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