European stocks tumble as second wave COVID-19 concerns mount

European stocks have plunged on Monday as investors fear a second lockdown.

  • In Europe, Britain’s FTSE 100 (^FTSE) has fallen almost 3,5%, Germany’s DAX (^GDAXI) is down 4,2%, and France’s CAC 40 (^FCHI) has dropped by 3,2% since around 12:30am on Monday.

“As we look to a new week, with investors absorbing the recent statements from central banks, and the prospect that further stimulus may not come immediately, concerns are rising that the summer recovery is probably as good as it gets when it comes to the recent rebound in economic activity,” said Michael Hewson, chief market analyst at CMC Markets UK.