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小 發表於 2020-12-22 12:50 只看該作者
Shares fall as new Covid strain spooks investors
Shares fall as new Covid strain spooks investors
Shares in London dropped and the pound lost ground after several EU countries closed their borders to the UK, which has reported
a new variant of coronavirus.
London's FTSE 100 index fell as much as 3%, before recovering slightly and ending 1.7% lower, as travel firms and others saw big
declines.
The main German market fell 2.8%, while in France the key bourse dropped 2.4%.
US markets were more mixed, amid relief over progress on a virus aid package.
After falling in opening trade, the Dow ended the day up 0.1%, while the S&P 500 dropped 0.4%. The Nasdaq fell 0.1%.
Earlier, the pound fell more than 1% against the euro and dropped 1.6% against the dollar.
Travel curbs hit airline stocks, with British Airways' owner IAG sinking nearly 8% and EasyJet tumbling 7.2%. Aircraft engine
maker Rolls-Royce was also badly hit, falling more than 3%.
The rout was replicated on other European markets. Air France-KLM shares dropped 4%, while planemaker Airbus was down roughly 3%.
"Investors' rosy expectations for 2021 have suddenly vanished," said Kazuhiko Saito, chief analyst at commodities broker
Fujitomi Co.
As well as renewed concern about Covid-19 cases, UK investors were reacting to another missed deadline in trade talks with
the EU.
London and Brussels are trying to reach a trade deal before the Brexit transition period ends on 31 December.
The talks are set to continue on Monday between negotiators.
The stalled negotiations have been partly responsible for the pound fluctuating over recent weeks. Optimism that a deal would be
struck had triggered a four-day winning streak for sterling, pushing it back up to just under $1.36 before it reversed course
again.
Earlier on Monday, the pound fell towards $1.32, with the dollar also being buoyed after a $900bn (£660bn) plan to help the US
economy weather the coronavirus pandemic was agreed.
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