European Stocks Decline on Lockdown Risks From Omicron’s Spread
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European stocks dropped the most in over three weeks as investors fretted over the risk of lockdowns and travel restrictions as the omicron coronavirus variant continued spreading.
The Stoxx Europe 600 fell 1.4% by the close in London, paring declines of as much as 2.6% after Moderna Inc. said a third dose of its Covid-19 vaccine increased antibody levels against omicron. Miners and energy underperformed with commodities, while automakers were the biggest decliners.