European Stocks Bear Highest Loss of the Year

European stocks fell on Tuesday, after rising yesterday to a new record high, due to increased selling pressures amid fears of a rise in inflation and concerns about the rising number of coronavirus cases.

The STOXX Europe 600 index plunged by 1.97%, as travel and leisure stocks fell by 5.7%.

The decline marked the biggest loss for the pan-European index since last December.

The French CAC40 index lost 1.86%, while the German DAX declined by 1.82%.

Meanwhile, the UK’s FTSE100 dropped by 2.47%.