Tuesday, 22 December 2020

Markets fall amid new travel restrictions

Markets were mostly lower on Monday.

The S&P 500 fell 0.4 percent while the STOXX Europe 600 plunged 2.3 percent.

Earlier in Asia, the Nikkei 225 fell 0.2 percent but the Shanghai Composite rose 0.8 percent.

Oil fell. Brent tumbled 2.6 percent and West Texas Intermediate fell 2.8 percent.

Concerns over the COVID-19 pandemic were renewed after discovery of a new coronavirus variant led several countries in Europe and elsewhere to block travel from the UK.

“Reports of a new strain of the coronavirus have weighed on risk sentiment and oil,” said UBS oil analyst Giovanni Staunovo.

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