ads1

Sunday, November 15, 2015

French Exchange Plans Normal Open as Paris Awakens From Attacks

French stocks will trade without interruption Monday as investors come to terms with attacks that left at least 127 people dead in Europe’s worst terror incident in more than a decade.

Euronext Paris is planning no alteration to its schedule, Caroline Nico, a spokeswoman for parent Euronext NV, said in an e-mail. Paris’s bourse is located in the district of the city’s 2nd arrondissement, miles from the sites of shootings and bombings that French President Francois Hollande has termed an “act of war” by Islamic State.

It’s been 10 years since Europe experienced terror attacks of comparable scope. Past incidents, such as bombings that killed 191 people on Madrid commuter trains in March 2004 and left more than 50 dead in London in July 2005, spurred selloffs in equities that were erased days or weeks later.

“Wouldn’t be surprised to see markets down 2 percent to 3 percent, maybe even more,” said Yogi Dewan, the chief executive officer of Hassium Asset Management in Gerrards Cross, U.K. His firm manages about $1 billion. “Sectors will be impacted in Europe such as insurance, travel and leisure. High oil prices for a significant period will also impact on an already fragile global growth story.”

Canada Is upbeat,Mexico Says NAFTA Deal Unlikely This Week

Canada Is upbeat,Mexico Says NAFTA Deal Unlikely This Week Mexico’s economy minister said that he saw diminishing chances for a new Nort...

Popular Posts