The second wave of the pandemic cases, causing the UK to impose lockdown measures, has affected the European markets.
Closing down at 1.2%, the pan-European Stoxx 600 saw a decline in travel and recreation stocks followed by travel limits due to the resurge of the Covid 19.
The UK, concerned over a surge in the pandemic cases, has demanded a 2-week ban for travelers from countries like France, the Netherlands, and Malta.
According to the latest report by the European Union statistics agency, the euro zone experienced a 12.1% decline in gross domestic product in the second quarter.
The worst ever drop in employment has also been reported.