It was a classic rotation away from recovery plays into defensive and stay-at-home stocks after Austria announced a lockdown and Germany said it was contemplating such a move.
The FTSE 100
UKX,
British Airways owner International Airlines Group
IAG,
Airport restaurant operator SSP
SSPG,
Food delivery companies however rose, with Ocado Group
OCDO,
So far there’s little indication the U.K. government will join the lockdown moves, though the infection rate in the U.K. is slightly higher than Germany’s. Prime Minister Boris Johnson is counting on the rollout of boosters to slow the tide.