European stocks set to open lower amid jitters over new coronavirus strain

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European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain in the U.K.

European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K.

Traders are nervously watching the new Covid mutation in the U.K., which has resulted in a tough lockdown in London and other parts of southeast England and a U-turn on the mixing of households during Christmas. It led to several countries in Europe and elsewhere to block travel from Britain. France, Germany, Italy, Ireland and the Netherlands all barred flights from the U.K., while Canada and Israel have done the same.

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