Euro Stoxx 50 & IBEX 35 Outlook: Recent Rally at Risk as COVID Cases Rise Again

Euro Stoxx 50 & IBEX 35 Outlook: Recent Rally at Risk as COVID Cases Rise Again
2021-06-30 00:00:00
Brendan Fagan,
Euro Stoxx 50, IBEX 35, Delta COVID-19 Variant Talking Points:
EuroStoxx 50 maintains key technical levels despite decline in other European benchmarks
IBEX 35 falls below key 9,000 level as Spain rolls out new travel restrictions for the UK
Fears continue to grow over the delta variant of COVID-19 as countries begin to take protections
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European equity benchmarks have taken a breather in the latter half of June as concerns mount over the spread of the Delta variant of COVID-19. Despite robust vaccine rollouts across the continent, European leaders remain wary of the growing threat. Just this week, Portugal and Malta announced restrictions on unvaccinated UK travelers, following reports that the Delta variant is sweeping across the United Kingdom.

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