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22 Mar 2016
European stocks fall after Brussels explosion
Investors flocked to safe-haven assets after explosions in Brussels, sending travel and tourism stocks lower on major bourses across Europe.
At the time of writing, the blue chip Stoxx 50 index traded 0.70% lower on the day. Belgium’s benchmark index BEL 20 was down 0.40%. Germany’s DAX was down 0.50% and France’s CAC was down 0.90%. UK’s mining heavy FTSE traded 0.80%.
Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent shockwaves across financial markets, with investors running for cover away from risk assets.
Shares in Thomas Cook tanked more than 7% along with an 8% drop in Sports Direct. Shares in Air France KLM were down 4.4% as well.
The positive data releases across Europe were largely overshadowed by Brussels terror attacks news. Growth in Germany’s private sector was steady in March, also helped by a solid upturn in the services industry. Meanwhile, French private sector activity expanded in March at the fastest pace in five months.
At the time of writing, the blue chip Stoxx 50 index traded 0.70% lower on the day. Belgium’s benchmark index BEL 20 was down 0.40%. Germany’s DAX was down 0.50% and France’s CAC was down 0.90%. UK’s mining heavy FTSE traded 0.80%.
Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent shockwaves across financial markets, with investors running for cover away from risk assets.
Shares in Thomas Cook tanked more than 7% along with an 8% drop in Sports Direct. Shares in Air France KLM were down 4.4% as well.
The positive data releases across Europe were largely overshadowed by Brussels terror attacks news. Growth in Germany’s private sector was steady in March, also helped by a solid upturn in the services industry. Meanwhile, French private sector activity expanded in March at the fastest pace in five months.