LONDON (Reuters) – European stocks fell on Monday amid concern that US President Donald Trump’s decision to ban the entry of citizens of seven Muslim-majority countries into the United States has adversely affected the performance of the airline sector.
At the end of the session, Stokes Europe 600 fell more than 1% or 4 points to 362.5 points.
The German DAX fell 132 points to 11682 points, while the French CAC fell 55 points to 4784 points, while the FTSE 100 fell 66 points to 7,118.5 points.
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Meanwhile, UniCredit, Italy’s largest bank by assets, fell 5.4% at closing, after the bank announced on Monday that its capital would not meet the ECB’s 2016 requirements.
The travel and aviation sector was negatively affected today by US President Donald Trump’s decision to ban the citizens of seven Muslim countries from entering the United States.