European stocks close down over 3% as bank allegations, coronavirus roil markets
European stocks closed sharply lower Monday as allegations surrounding bank dealings and rising coronavirus infections weighed on market sentiment around the world.
The pan-European Stoxx 600 closed down by over 3.2% provisionally, with banks plunging 5.7% and travel stocks tumbling 5.2% to lead losses as all sectors and major bourses slid into negative territory.
Reference: CNBC
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