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New coronavirus strain weighs on sentiment


LONDON — European shares were higher Tuesday morning, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K.

The pan-European Stoxx 600 traded 1.1% higher, with Germany’s DAX and France’s CAC indexes both rising around 1.3%. Britain’s FTSE 100 bucked the trend to fall around 0.2%. Banking stocks were the top gainers, up 2.2%, with Lloyds climbing over 4% to lead the sector.

European markets came under heavy selling pressure Monday amid concerns over a fast-spreading Covid mutation that was first identified in Britain. The new variant forced the U.K. government to shut down London and other parts of…


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