European shares were higher Tuesday morning, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K. The pan-European Stoxx 600 traded 1.1 percent higher, with Germany’s DAX and France’s CAC indexes both rising around 1.3 percent, CNBC reports. Britain’s FTSE 100 bucked the trend to fall around 0.2 percent. Banking stocks were the top gainers, up 2.2 percent, with Lloyds climbing over 4 percent to lead the sector. European markets came under heavy selling pressure Monday amid concerns over a fast-spreading Covid mutation that was first identified in Britain.

Source: The Standard December 22, 2020 09:22 UTC