European markets fall as coronavirus remains in focus; Stoxx 600 down 2.2%

European markets fell Monday morning as the coronavirus pandemic remains in focus. The pan-European Stoxx 600 was down 2.2 percent in early deals having initially opened in the black.

Banking stocks tumbled 4.6 percent to lead losses as all sectors and major bourses slid into negative territory.

In terms of individual share price action, cinema chain Cineworld dropped 15 percent in early trade while British aerospace firm Meggitt and luxury carmaker Rolls-Royce both shed more than 11 percent

At the top of the European blue chip index, remote working software provider TeamViewer continued to benefit from continent-wide office closures to add 4.4 percent.