• Europe markets close lower as Covid cases batter travel stocks; Burberry down 9% on CEO exit

    29 Jun 2021 | SET News


European stocks fell on Monday as investors monitored rising Covid-19 cases around the globe.


The pan-European Stoxx 600 closed down by 0.6% provisionally, with travel and leisure stocks tanking 4.3% to lead the losses on news that Portugal has imposed a quarantine on unvaccinated arrivals from the U.K.



On Wall Street, the major U.S. stock indexes struggled for direction, though a strong start for tech stocks powered the Nasdaq to a fresh record.


In the U.K. Monday, new Health Secretary Sajid Javid will update lawmakers on when the U.K. can expect to ease Covid-19 measures further. Covid restrictions are currently due to end on July 19, the date already having been extended due to the spread of the delta variant.


Reference: CNBC


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