Nov 21 – European stock markets fell on Monday, with cyclically sensitive sectors such as mining and industrials leading losses, amid concerns over the impact of rising cases of COVID-19 in China.
The pan-European index STOXX extension 600 was down 0.2% at 0811 GMTafter recording its fifth consecutive weekly gain on Friday.
Asian stocks fell 1.3%, as investors worried about the economic consequences of the new restrictions on the COVID-19 in China, after the most populous district of Beijing urged residents to stay at home given the increase in infections.
Mining, travel and leisure and industrial goods and services companies fell between 0.5% and 1.4%, leading the losses across European sectors.
Defensive sectors such as healthcare and energy rallied in the early trading of the session.
Julius Baer fell 0.5%, despite the bank saying it was on track to meet its 2022 targets, after it said “challenging market conditions” were taking a toll on its assets under management.
HelloFresh rose 5.4% after Goldman Sachs began blanketing the German meal kit maker with a “buy” recommendation.
