U.K. stocks struggled for traction on Monday as a warning over the omicron variant weighed on sentiment.
Travel and hospitality names were under pressure as headlines worsened on the country’s fight to control the highly contagious omicron variant. Stock of International Consolidated Airlines IAG, -5.30% — the parent company of British Airways, Spain’s Iberia airlines, and Aer Lingus in Ireland — dropped 3%, Wizz Air WIZZ, -4.47% fell 4%, while Whitbread WTB, -3.21%, Restaurant Group RTN, -5.55% and JD Wetherspoon JDW, -5.71% lost 4% or more.
More restrictions kicked in on Monday, with masks required in most indoor settings, COVID passports mandatory for nightclubs and pubs and a recommendation for individuals to work from home.
'Omicron'? Interest rates Inflation Debt levels Looming recession Transportation slowdowns Supply chains disrupted
Run to safehaven plays…USD/JPY AND ALSO LOVING $TAK WHICH BASICALLY FOLLOWS YEN…Also Takeda is in a buying back share spree so if the dollar drops and yen rises what you think Takeda gonna do…USD dropping JPY rising…the EUR is dropping due to Omicron