(Reuters) – European stocks hit their lowest level since mid-June on Wednesday following a report that France was considering a month-long nationwide lockdown to tackle a surge in coronavirus infections.
The pan-European STOXX 600 index .STOXX fell 1.6% to 0808 GMT, while the German DAX .GDAXI fell 2.2%, the UK’s FTSE 100 .FTSE down 1.5% and the CAC 40 in France .FCHI dipped 2.5%.
The French government is considering a new national lockdown starting at midnight Thursday, BFM TV reported, albeit slightly more flexible than the two-month shutdown that began in mid-March.
President Emmanuel Macron will deliver a televised speech later in the evening, his office said.
Meanwhile, German Chancellor Angela Merkel wants to close all restaurants and bars from November 4 according to a draft resolution seen by Reuters, while the Telegraph newspaper reported that British Prime Minister Boris Johnson is under pressure for a new one. locking.
Economically sensitive sectors such as car manufacturers .SXAP, banks .SX7P and insurers .SXIP led the first declines, falling between 2.5% and 3%.
Deutsche Bank AG DBKGn.DE fell 3.6%, despite announcing a surprise move to quarterly net income and improving the earnings outlook for its investment bank.