(Reuters) – European shares fell on Monday as travel stocks slumped in early deals after Britain imposed a quarantine on travellers returning from Spain because of a surge of coronavirus cases.
The pan-European STOXX 600 <.stoxx> fell 0.5% by 0718 GMT after recording its first weekly fall in four on Friday.
Travel & leisure <.sxtp> slumped 3.2%, with UK-based airlines and tour operators such as TUI AG
Europe’s biggest holiday company TUI said on Sunday it had decided to cancel all holidays to mainland Spain up to and including Sunday Aug. 9.
Spanish stocks <.ibex> fell 1.2%, while the Irish stocks benchmark <.iseq> dropped 1.4% after airline Ryanair
Germany’s DAX <.gdaxi> was among the few gainers, helped by a 2.9% gain for software group SAP SE
(Reporting by Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)