European markets close lower with virus, earnings and retail moves in focus
European stocks closed sharply lower on Monday afternoon as investors monitored the coronavirus pandemic, and plans for U.S. stimulus measures.
The pan-European Stoxx 600 index slid 0.8% by the close, having gained more than 1.2% earlier in the trading session.
Travel and leisure stocks fell 1.8% to lead losses on the back of further Covid-19 restrictions, while health care stocks gained 0.7%.
On the data front, Germany’s Ifo business climate index fell in January, with Monday’s reading coming in at 90.1, down from 92.1 in December as both current conditions and expectations fell.
Reference: CNBC
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