European Shares Steady Apart from Travel Sector

Shares in Europe’s travel and tourism companies suffered heavy falls on Monday as investors worried about the impact of the Paris attacks.

Airlines were among the big fallers, with Air France down 6% and British Airways owner IAG down 3%. French hotel group Accor was almost 5% down.

Stock markets in London and Frankfurt had nudged up by mid-afternoon after recovering from early falls.

But in Paris the Cac 40 index was down 0.15%.

The price of gold rose 1% as investors sought the safety of traditional havens.

Stocks on Wall Street were slightly higher shortly after trading began, with the Dow Jones up 0.2%.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza