Europe closes lower amid new COVID-19 restrictions

Monday, 25. January 2021 17:32

Major stock markets in Europe closed lower on Monday after the European Union proposed further restrictions on traveling to curb the spread of new strains COVID-19. The bloc also urged AstraZeneca PLC to respect the deadline for deliveries of its vaccines against the disease. Meanwhile, the Ifo Institute for Economic Research revealed the business climate in Germany worsened in January.

The DAX plunged 1.68% at the close as MTU Aero Engines NA fell by 5.41%. The FTSE 100 declined by 0.92%, with the International Consolidated Airlines Group SA sliding by 7.65%. The CAC 40 sank by 1.61% as Stellantis NV dropped by 4.50%.

The euro lost 0.30% to the dollar to change hands for $1.21318 at 5:32 pm CET. A minute later, the pound sterling decreased by 0.19%, selling for $1.36544.

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Breaking the News / JR