The ASX 200 opened the week 0.54% lower, with travel stocks weighing on the index.

Travel and travel-adjacent stocks fell following similar moves in New York and Europe on Friday.

This comes as European COVID cases are increasing again, with Austria having just imposed a 20-day national lockdown.

Qantas (ASX:QAN) was down by 4% , while Flight Centre (ASX:FLT) fell 7% in a broad-brushed selloff in travel.

Concerns of a new COVID wave in Europe also caused the oil market to come under pressure, with the benchmark Brent crude falling by 3% in London on Friday.

Iron ore miners meanwhile have picked up today, after the spot iron ore rebounded by 5%.

Experts have warned however that the downward trend in iron ore price could last until Q1 of 2022 amid China’s steel production control.

Lithium miners like Orocobre (ASX:ORE) and Pilbara Minerals (ASX:PLS) both rose by around 4%.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
MCY Mercury NZ Limited 5.81 4 48384 $ 7,588,016,196.81
LYC Lynas Rare Earths 8.56 4 4214262 $ 7,453,919,436.04
PLS Pilbara Min Ltd 2.48 5 26664591 $ 7,020,972,274.72
ORE Orocobre Limited 9.54 5 4744271 $ 5,807,858,088.46
AMP AMP Limited 1.165 3 16970931 $ 3,707,030,143.16
AGL AGL Energy Limited. 5.24 2 4875663 $ 3,377,485,060.02
NIC Nickel Mines Limited 1.285 8 19018606 $ 2,992,884,570.69
CIA Champion Iron Ltd 4.23 3 1449880 $ 2,081,681,610.36
AVZ AVZ Minerals Ltd 0.665 11 33667732 $ 1,930,903,608.00
ASM Ausstratmaterials 13.33 5 448722 $ 1,778,701,576.50
LFG Liberty Fin Group 6.05 4 42229 $ 1,773,024,000.00
HTA Hutchison 0.11 5 525747 $ 1,425,113,400.59
INR Ioneer Ltd 0.705 4 11566078 $ 1,394,372,911.32
TPW Temple & Webster Ltd 11.38 2 203537 $ 1,339,436,559.36
COF Centuria Office REIT 2.24 3 951242 $ 1,298,500,251.06
VUL Vulcan Energy 10.9 7 2931131 $ 1,260,636,360.34
LKE Lake Resources 0.91 6 11575745 $ 1,039,048,521.80
IAP Irongate Group 1.665 7 1744897 $ 1,000,233,117.95

Nickel Mines (ASX:NIC)
NIC has signed a multi-faceted MoU with Shanghai Decent Investment, setting out a framework for future collaborations over the next several years. The MoU outlines a plan by which Nickel Mines can participate in numerous future nickel development projects the Tsingshan group has planned across Indonesia. The MoU also outlined a framework for future collaboration on clean energy projects.

AMP (ASX:AMP)
The company announced that AMP Capital will continue to act as trustee and manager of the $7b Wholesale Office Fund (AWOF). The independent committee hired by AMP has recommended against moving the funds under a third party.

Vulcan Energy (ASX:VUL)
The zero-carbon lithium play, which has fallen by around 30% since coming under attack from short-sellers, announced this morning that it’s signed a binding lithium hydroxide offtake agreement with car manufacturer Renault Group. Conditions precedent — events that must come to pass before the contract is considered in effect — include successful start of commercial production and full product qualification.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
NST Northern Star 10.06 -3.8241 3609024 $ 12,181,833,141.54
QAN Qantas Airways 5.26 -4 11148519 $ 10,335,524,945.04
TNE Technology One 12.92 -3.7975 810218 $ 4,320,214,038.35
FLT Flight Centre Travel 18.34 -7 3849929 $ 3,941,412,344.50
CTD Corp Travel Limited 23.26 -6 511595 $ 3,387,218,224.50
IMU Imugene Limited 0.53 -6 19245248 $ 3,205,305,890.05
BPT Beach Energy Limited 1.195 -4 11873258 $ 2,840,260,401.72
APM APM Human Services 2.85 -5 3231987 $ 2,695,864,149.00
WEB Webjet Limited 5.69 -3.7225 4259561 $ 2,248,813,030.29
BKL Blackmores Limited 97.48 -3.9984 34808 $ 1,968,276,338.84
CEN Contact Energy Ltd 7.3 -5 885 $ 1,895,477,075.80
SLR Silver Lake Resource 1.785 -4 4906881 $ 1,651,264,086.45
TYR Tyro Payments 3.05 -4 3373488 $ 1,638,907,172.52
MAQ Macquarie Telecom Gp 68 -4 6314 $ 1,524,156,939.30
ERA Energy Resources 0.365 -9 394587 $ 1,476,553,279.20
GOR Gold Road Res Ltd 1.6 -4 2349692 $ 1,472,606,068.47
CXL Calix Limited 7.29 -7 731260 $ 1,268,933,286.84
URW Unibailrodawestfield 4.81 -5 633086 $ 1,002,991,509.00