European stocks opened lower Monday as investors react to a surge in coronavirus cases in the States, and growing concerns over a rise in infections in Germany.

The pan-European Stoxx 600 fell 1.1% at the start of trading, travel and leisure stocks dropping 2.4% to lead losses as all sectors and major bourses slid into negative territory.

International investors are keeping a close eye on coronavirus developments following the news that cases are increasing rapidly in the U.S. The U.S reported more than 30,000 new coronavirus cases on Friday and Saturday, the highest daily totals since May 1, according to data compiled by Johns Hopkins University, with new cases are rising in states across the South, West and Midwest.

Source : CNBC