Picture used for illustrative purpose. File
Europe's stock markets fell sharply in early deals on Monday, taking their cue from losses elsewhere, with investors growing concerned about an uptick in infections in Europe and the US.
London's benchmark FTSE 100 index of major blue-chip companies shed 2.1 per cent to 5,882.30 points, compared with Friday's closing level.
In the eurozone, the Paris CAC 40 lost 1.5 per cent to 4,903.30 points and Frankfurt's DAX 30 index dropped 1.8 per cent to 12,882.63.
"The fact that the WHO (World Health Organization) has warned about serious coronavirus infection rates developing in Europe, and central banks have decided to leave their monetary policy unchanged ... has given no further reason to investors why they should increase any of their equity bets," said AvaTrade analyst Naeem Aslam.
"In short, traders have decided to sit on the sidelines, and the lack of support for risker assets could make the selloff for the equity markets a little more intense this week."
European stocks struggled for direction on Tuesday, with banking shares declining ahead of the US and UK central bank meetings this week.
The pan-European STOXX 600 index fell 0.8%, recovering slightly after hitting its lowest level since June 26, while bourses in Frankfurt, London and Paris were down between 0.3% and 0.6%.
The pan-European STOXX 600 index slipped 0.1%, failing to match Asian and Wall Street gains , France's CAC 40 fell 0.7% after the country set a new record of daily COVID-19 infections.
Bilateral trade between Dubai and Germany reached Dhs24.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA).
US private equity firm Clayton, Dubilier & Rice (CD&R) is considering a possible cash offer for British supermarket group Morrisons, it said on Saturday.
As part of its tireless and continuous endeavour to support and to stimulate the real estate sector, Sharjah Real Estate Registration Department has announced that 15 different institutions have won the Real Estate Excellence Award,
Dubai Electricity and Water Authority (Dewa) is participating at Expo 2020 Dubai with a large pavilion, characterised by a contemporary design that aligns with Dewa’s role as the Official Sustainable Energy Partner of Expo 2020 Dubai.