European equities closed lower on Monday, with travel and energy papers leading losses amid rising risks posed by the Ômicron variant of the coronavirus, as an approaching wave of central bank monetary policy decisions this week limited the momentum of investors.
The pan-European STOXX 600 index closed down 0.43% to 473.53 points, returning initial gains and marking its fourth consecutive session in the red.
Travel stocks were down 2.6% due to risks of stricter restrictions after the UK recorded its first death from the micron variant of the coronavirus.
Oil prices retreated on concerns that the new strain and related restrictions would affect demand for the commodity. Europe’s energy sector closed lower, with Royal Dutch and BP falling between 2.2% and 2.7%.
Investor focus is still on monetary policy decisions to be announced by the European Central Bank (ECB), Federal Reserve (Fed, US central bank), Bank of England and Bank of Japan this week.
- In London, the Financial Times index retreated 0.83%, to 7,231.44 points;
- In Frankfurt the DAX index fell 0.01% to 15,621.72 points;
- In Paris, the CAC-40 index lost 0.70% to 6,942.91 points;
- In Milan, the Ftse/Mib index had a devaluation of 0.64%, to 26,551.02 points;
- In Madrid, the Ibex-35 index dropped by 0.45%, to 8,322.70 points;
- In Lisbon, the PSI20 index retreated 0.06%, to 5,488.31 points.
Reference: CNN Brasil
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