European stocks up despite rising COVID lockdowns, but ASX falls on travel fears

European stocks up despite rising COVID lockdowns, but ASX falls on travel fears

European stocks up despite rising COVID lockdowns, but ASX falls on travel fears The Australian share market is trading down on Friday, with travel stocks falling as lockdown woes re-emerge in Europe. Key points: - US markets closed for the Thanksgiving holiday - European markets are up despite the worsening COVID-19 situation there - The ASX is down with travel stocks taking a hit At 10:45am AEDT, the ASX 200 was down 0.5 per cent. The biggest losers included Qantas (-2.3pc), Corporate Travel Management (-2.4pc), FlightCentre (2.9pc) and Webjet (-2.9pc). Those stocks have been taking a hit this week as increasing COVID restrictions in some parts of Europe have dampened enthusiasm about booming global travel. Italy is now tightening social distancing measures while Germany is holding off for now. But …
More on: www.abc.net.au