European stocks slide as COVID worries swamp investors

European stocks slide as COVID worries swamp investors

European stocks tumbled on Monday, tracking losses across global equities, as investors faced worries over surging COVID-19 cases and restrictions to combat them, alongside concerns a key U.S. spending bill was in trouble.

“With record COVID cases in the U.K. in the past few days, and new restrictions being implemented across Europe, it almost feels like an action replay of 12 months ago, with some scientists in the U.K. calling for a fresh lockdown before Christmas, in a move that is likely to be as welcome as toothache,” said Michael Hewson, chief market analyst at CMC Markets.

The Stoxx Europe 600 index SXXP, -1.38% was down 1.4% to 467, after finishing last week with a 0.4% drop. The German DAX DAX, -1.88% was down 1.8%, the French CAC PX1, -0.82% was down 1% and the FTSE 100 index UKX, -0.99% was off…

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