European markets set to slide as omicron threat intensifies

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European markets set to slide as omicron threat intensifies
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European markets look set to plummet on Monday as the rapid spread of the omicron Covid-19 variant triggers stricter containment measures across the continent.

Netherlands entered full lockdown on Sunday until mid-January

, and the possibility of tighter restrictions being imposed over the Christmas holidays and into the new year looms over a number of European countries amid an unprecedented surge in Covid-19 cases. From Monday, only German citizens, residents and transit passengers will be allowed to enter Germany from the U.K., with all inbound travelers required to quarantine for 14 days irrespective of vaccination status. Travel restrictions were also imposed for arrivals from Denmark, Norway and France.

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