Travel stocks weigh on Europe after UK quarantine move on Spain

Travel stocks weigh on Europe after UK quarantine move on Spain

Reuters  | Jul 27, 2020 15:40

Travel stocks weigh on Europe after UK quarantine move on Spain

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
July 27 (Reuters) - European shares fell on Monday as travel
stocks slumped in early deals after Britain imposed a quarantine
on travellers returning from Spain because of a surge of
coronavirus cases.
The pan-European STOXX 600 .STOXX fell 0.5% by 0718 GMT
after recording its first weekly fall in four on Friday.
Travel & leisure .SXTP slumped 3.2%, with UK-based
airlines and tour operators such as TUI AG TUIGn.DE TUIT.L ,
Easyjet Plc EZL.L , British Airways-owner IAG SA ICAG.L
falling between 8% and 13.5%.
Europe's biggest holiday company TUI said on Sunday it had
decided to cancel all holidays to mainland Spain up to and
including Sunday Aug. 9. Spanish stocks .IBEX fell 1.2%, while the Irish stocks
benchmark .ISEQ dropped 1.4% after airline Ryanair RYA.I
said it was impossible to say whether it might turn an annual
profit due to the impact of the COVID-19 pandemic. Germany's DAX .GDAXI was among the few gainers, helped by
a 2.9% gain for software group SAP SE SAPG.DE after it
announced plans to spin off and float Qualtrics, the U.S.
specialist in measuring online customer sentiment.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (UK) English (India) English (Canada) English (Australia) English (South Africa) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+

Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.

';