European stocks fell sharply on Friday, as the U.K.’s move to add France to its quarantine list hammered travel stocks and Chinese economic data disappointed.
Continued delays and concerns over a fresh round of U.S. stimulus also weighed on sentiment, and investors were looking ahead to a meeting of U.S. and Chinese officials to discuss their trade deal on Saturday.
The pan-European Stoxx 600
index fell 1.8% in early trading, while the French CAC
slid 2.2%, and the German DAX
was 1.4% lower. The U.K.’s FTSE 100
slipped 2.4%, led lower by airline and hotel stocks. U.S. stock futures
also pointed lower.
The U.K.’s decision to add France and the Netherlands to its quarantine list amid rising coronavirus cases hit travel and leisure stocks. From Saturday, travelers arriving in the U.K. from those countries will