The worst sales wave for European stocks in 3 months

The European stock market witnessed during Monday’s trading, its worst decline in three months.

According to Reuters, the shares of travel and entertainment companies were affected by fears of a second wave of infections with the Corona virus, while bank shares plunged by a report on illegal financial transfers, worth about two trillion dollars Major banks were involved.

The chief scientific adviser in Britain has warned that the number of new infections with the Coronavirus in the country may reach 50 thousand cases per day, by mid-October if the pandemic continues at its pace Current. On Sunday, Health Minister Matt Hancock said a second nationwide lockdown is possible.

The British FTSE 100 index was at the forefront of the losers among the major stock indices in Europe, with a drop of about 3.4%, its worst day in more than three months.

The pan-European STOXX 600 index ended the trading session down 3.2%, a drop not seen since early June.

The European index of travel and promotion stocks fell 5.2%, registering the worst one-day loss since April, with shares of airlines such as IAG, the owner of British Airways, declining 12.1 Germany's Lufthansa: 9.5%.

and the index of European banks' shares fell by 5.7%, hovering near record low levels, after the names of banks, including HSBC and Standard Chartered, were mentioned in leaked documents that said that Major banks transferred large sums of illegal money over the past 20 years.

(Amazon fun knowledge)