European Stocks Fall Amid Earnings Worries, China Covid Flareup
The Stoxx Europe 600 index fell 1.4% as of 8:02 a.m. in London.
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European stocks dropped on Monday as traders braced for a crucial earnings season amid concerns about more Covid curbs in China as cases rise again.
The Stoxx Europe 600 index fell 0.5% by the close in London, trimming an earlier slump of 1.5%. The declines followed three consecutive days of gains, with automakers, travel and leisure and miners leading the retreat. Defensive sectors like health care and utilities outperformed.