Lockdown worries, oil drag European stocks lower

  • Reuters
  • Stock Market News
Lockdown worries, oil drag European stocks lower
Credit: © Reuters.

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March 19 (Reuters) - European stocks slid on Friday, erasing a large part of the weekly gains, after France imposed fresh regional lockdowns to curb the spread of the coronavirus amid signs of slowing vaccination in some countries.

The pan-European STOXX 600 .STOXX fell 0.6% by 0809 GMT, tracking a dour session on Wall Street overnight after U.S. bond yields surged. .N

France's CAC 40 .FCHI was down 0.7% after the nation imposed a new four-week lockdown from Friday in 16 regions badly hit by the health crisis. & gas .SXEP , banks .SX7P , and miners .SXPP led the declines as the fresh lockdowns dampened hopes of a swift economic rebound. O/R MET/L

Shares in BP BP.L , Royal Dutch Shell RDSa.L and Total TOTF.PA fell between 1.8% and 2.9% after crude prices plunged almost 7% overnight on fears the new lockdowns will hurt fuel demand. O/R

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