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European stocks fell on Friday after the UK added six more countries to its quarantine list for COVID-19Array, which weighs heavily on airlines and stocks.
The resolution that travellers arriving in the UK from France, the Netherlands, Malta, Monaco, Aruba and the Turks and Caicos Islands will have to isolate themselves for 14 days. Anyone who violates the rules will be fined.
With great weight in European industry, the UK’s LAST restrictionS “contributed to a bleak openness for the continent’s markets” and “the FTSE continued to deploy its hard-to-justify gains after the recession,” said Connor Campbell, a money analyst. SpreadEx.
British airlines and European tour operators fell sharply, with shares of EasyJet and British Airways’ parent company, IAG, falling by 7%, while cheap airline Ryanair and German company Tui fell by about 5%.
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The UK’s resolve to impose the new directive has been followed to “keep infection rates low,” according to UK transport secretary Grant Shapps.
The mandate comes after France, a premier holiday destination for UK travellers, added more than 2524 new cases of coronavirus in 24 hours, the biggest build-up in a day since it lifted its blockade in May.
Spain, another popular destination, was removed from the UK’s ‘travel corridor’ last month, meaning that all visitors from the UK must also be quarantined for 14 days upon their return.
Meanwhile, oil fell on Friday, the benchmark Brent dropped 0.4% to $44 a barrel and West Texas Intermediate dropped 0.6 percent to $42.
On Thursday, the Internal Energy Agency lowered its forecast for the call for oil for 2020 and 2021 due to expectations of weakness in the aviation sector, as the coronavirus pandemic continues to hamper air travel.
Unemployment in the euro rose to -2.8%, compared to -1.7% expectations.
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Here is a market summary at 11:45 a.m. in London (6:45 a.m. ET):