New Covid-19 strain inflicts pain on global stocks, threatens volatility

European shares fell 2% on Monday, the dollar strengthened and market volatility surged amid growing unease over the economic impact of a new coronavirus strain in Britain which has seen several European countries shut their borders to the UK. The news of the new strain, said to be up to 70% more transmissible than the original, has put some 16 million Britons under tougher lockdowns and has overshadowed U.

S. lawmakers' agreement over a long-awaited stimulus bill. Prime Minister Boris Johnson will chair an emergency response meeting.....

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