Airline and travel stocks tumble across Europe following deadly explosions at the airport and metro in Brussels, pushing stock market indices into the red.
After falls of between 1.0 and 1.5 percent for Europe’s main indices as news of the explosions first filtered through, the region’s stock markets are showing losses of around half a percent.
The euro fell against the dollar, while haven assets gold and the yen gave up earlier gains.
“While travel stocks had their knee-jerk reaction sell-off and safe havens were bid (higher), relative calm has quickly returned,” says Mike van Dulken, head of research at Accendo Markets.
Around 1000 GMT, London’s benchmark FTSE 100 index was down 0.4 percent, while in the eurozone, Frankfurt’s DAX 30 fell 0.5 percent and the Paris CAC 40 dropped 0.3 percent.
— AFP
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