Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

European stocks open mostly lower after Paris attacks; Dax down 0.30%

Published 16/11/2015, 07:34 pm
© Reuters.  European stocks slide lower as Paris terrorist attacks weigh
UK100
-
FCHI
-
DE40
-
STOXX50
-
HSBA
-
BARC
-
LLOY
-
NWG
-
DBKGn
-
CBKG
-
ACCP
-
BNPP
-
SOGN
-
BBVA
-
SAN
-
PRTP
-
RIO
-
RRS
-
HBR
-
ISP
-
CRDI
-
ESZ24
-
1YMZ24
-
NQZ24
-
FRES
-
GLEN
-
SOON
-

Investing.com - European stocks were mostly lower on Monday, as global markets weighed the potential consequences of a series of terrorist attacks that took place in Paris on Friday night.

During European morning trade, the EURO STOXX 50 fell 0.25%, France’s CAC 40 declined 0.33%, while Germany’s DAX 30 slid 0.30%.

A string of coordinated terrorist attacks in Paris on Friday night left 129 dead and hundreds injured. "Islamic State" (ISIS) claimed responsibility for the attacks.

Later Monday, political leaders were expected to discuss ways to escalate the war against terrorism and deal with the migration crisis at the annual summit of the Group of 20 nations (G20) in Turkey.

French stocks were most notably hit by the Friday attacks. Hotel chain Accor (PA:ACCP) SA saw shares plunge 6.93%, while Kering (PA:PRTP), who shut some of its stores like Gucci and Bottega Veneta over the weekend, plummeted 1.97%.

Financial stocks were also broadly lower, as French lenders Societe Generale (PA:SOGN) and BNP Paribas (PA:BNPP) lost 0.82% and 1.21%, while Germany's Commerzbank (DE:CBKG) and Deutsche Bank (DE:DBKGn) retreated 0.90% and 0.93%.

Among peripheral lenders, Italy's Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) dropped 0.51% and 0.81% respectively, while Spanish banks Banco Santander (MC:SAN) and BBVA (MC:BBVA) slid 0.48% and 0.46%.

Elsewhere, Sonova H Ag (VX:SOON) dove 6.43% after the maker of hearing aids cut its annual sales and profit forecasts.

In London, commodity-heavy FTSE 100 added 0.16%, helped by sharp gains in the mining sector.

Rio Tinto (L:RIO) advanced 0.89% and Fresnillo (L:FRES) jumped 1.41%, while Glencore (L:GLEN) and Randgold Resources (L:RRS) surged 2% and 2.48% respectively.

Premier Oil (L:PMO) added to gains, with shares soaring 5.23% after selling its Norwegian assets to Det Norske.

Meanwhile, U.K. lenders were mostly lower. Shares in Barclays (L:BARC) edged down 0.11% and Lloyds Banking (L:LLOY) fell 0.21%, while the Royal Bank of Scotland (L:RBS) declined 0.58%. HSBC Holdings (L:HSBA) held steady, inching up just 0.06%.

In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.06% downtick, S&P 500 futures signaled a 0.01% dip, while the Nasdaq 100 futures indicated a 0.06% loss.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.