News | Business | European Markets: European markets retreat as coronavirus resurgence weighs; Tech stocks down 5%
Elliot Smith 2 minutes - Source: CNBC LONDON — European markets were lower Monday morning as surging coronavirus cases throughout the continent and a stalemate over U.S. fiscal stimulus continue to weigh on sentiment. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5829.20 -31.08 -0.53 39081620 .GDAXI DAX DAX 12328.45 -317.30 -2.51 7243312 .FCHI CAC 40 Index CAC 4853.71 -55.93 -1.14 4085440 The pan-European Stoxx 600 fell 0.9% at the start of trading, with tech stocks plunging 5.1% as all sectors except healthcare slid into negative territory. The resurgence of the coronavirus in Europe has continued apace in recent days, with France reporting a record daily rise in new infections on Sunday, Italy ordering bars to close early and shutting public gyms and Spain issuing a nationwide curfew to stem a worsening outbreak. The U.S. also reported a record number of daily Covid-19 infections on Friday with more th