{"id":123420,"date":"2021-11-26T07:48:12","date_gmt":"2021-11-26T07:48:12","guid":{"rendered":"https:\/\/fin2me.com\/?p=123420"},"modified":"2021-11-26T07:48:12","modified_gmt":"2021-11-26T07:48:12","slug":"european-stocks-set-to-open-sharply-lower-amid-concerns-over-a-new-covid-variant-found-in-south-africa","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/european-stocks-set-to-open-sharply-lower-amid-concerns-over-a-new-covid-variant-found-in-south-africa\/","title":{"rendered":"European stocks set to open sharply lower amid concerns over a new Covid variant found in South Africa"},"content":{"rendered":"<ul>\n<li>Concerns over a new variant of Covid started to rise, with the U.K. temporarily suspending flights from six countries in southern Africa. <\/li>\n<li>The new Covid variant has more than 30 mutations spreads and the WHO is holding a special meeting Friday to discuss what the new variant may mean for vaccines and treatments.<\/li>\n<\/ul>\n<p>LONDON \u2014 European stocks are set to slide at the open on Friday with fears over a new variant of Covid-19 that reportedly has multiple mutations.<\/p>\n<table><\/table>\n<p>The FTSE 100 is expected to open 120 points lower at 7,190, the German DAX is expected to open 268 points lower at 15,650 and the French CAC 40 is expected to open 116 points lower at 6,960, according to CMC Markets.<\/p>\n<p>European investors have been closely monitored the\u00a0acute Covid crisis in the region\u00a0this week amid rising infections that have prompted a handful of countries to introduce new Covid restrictions.<\/p>\n<p>Italy announced Wednesday evening that it will introduce tighter Covid measures and Germany has narrowly avoided another lockdown with the incoming government reportedly wanting to wait and see if tighter Covid passport rules help to alleviate rising cases there. <\/p>\n<p>But overnight, concerns over a new variant of Covid started to rise, with the U.K. temporarily suspending flights from six countries in southern Africa. The new Covid variant has more than 30 mutations spreads and the WHO is holding a special meeting Friday to discuss what the new variant may mean for vaccines and treatments.<\/p>\n<p>U.S. markets were closed Thursday for Thanksgiving and will close early on Friday in a shortened session. Futures for the Dow Jones Industrial Average fell more than 400 points on Friday morning amid the renewed Covid concerns.<\/p>\n<h2>Stock picks and investing trends from CNBC Pro:<\/h2>\n<p>Worried about stagflation? One expert reveals his top stock picks to play the market right now<\/p>\n<p>Goldman Sachs says these 6 energy stocks still have plenty of room to run<\/p>\n<p>Cathie Wood explains why she bought a ton more Zoom Video on the dip<\/p>\n<p>Enjoyed this article?<br \/>For exclusive stock picks, investment ideas and CNBC global livestream<br \/>Sign up for\u00a0<strong>CNBC Pro<\/strong><br \/>Start your\u00a0free trial now<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/11\/26\/european-stocks-concerns-over-a-new-covid-variant.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Concerns over a new variant of Covid started to rise, with the U.K. temporarily suspending flights from six countries in southern Africa. The new Covid [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European stocks set to open sharply lower amid concerns over a new Covid variant found in South Africa - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/european-stocks-set-to-open-sharply-lower-amid-concerns-over-a-new-covid-variant-found-in-south-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European stocks set to open sharply lower amid concerns over a new Covid variant found in South Africa - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Concerns over a new variant of Covid started to rise, with the U.K. temporarily suspending flights from six countries in southern Africa. 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