UPDATE 2-European shares slump to 2012 lows [Reuters (UK)]
EASYJET PLC S/ADR (ESYJY)
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Source: Reuters
European shares slump to 2012 lows - Reuters 3 Min Read (Reuters) - European shares tumbled more than 8% on Monday as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage. The pan-European STOXX 600 fell 8.2% to its lowest since November 2012, with bourses in France .FCHI and Spain .IBEX leading losses as the two countries joined Italy in enforcing a national lockdown. Airlines and holiday operators including TUI ( TUIT.L ), EasyJet ( EZJ.L ), British-Airways owner IAG ( ICAG.L ) and Air France - KLM ( AIRF.PA ) were among the biggest decliners on the STOXX 600 as the pandemic brought global travel to a standstill. The wider travel and leisure index .SXTP plunged more than 12%. Europe’s fear gauge .VT2X jumped to a record high of 87.90. “The issue for investors is that the virus’ economic impact is still not known - if this is a one-month event or a one-year
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