European stocks drop as Omicron worries intensify

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European stocks ended lower in their worst session for three weeks

The spread of the Omicron variant saw the Netherlands go into lockdown on Sunday and put pressure on others to follow, though the US seemed set to remain open.The CAC in Paris was down 56 points to close at 6,870, while the DAX in Frankfurt was down 292 points to 1.88% to 15,239 and London's FTSE index dropped 71 points to 7,198.

US stock indexes fell more than 1% today, dragged down by concerns about the impact of tighter Covid-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden's investment bill.

 

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