This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34825542

The article has changed 8 times. There is an RSS feed of changes available.

Version 4 Version 5
Paris attacks: Markets face rocky day as France to open Paris attacks: Markets in rocky start as France to open
(about 4 hours later)
World stock markets face a turbulent open on Monday after the attacks in Paris on Friday night that killed 129. Asian markets have opened lower, starting what is expected to be a global sell-off after the attacks in Paris on Friday night that killed 129.
In Hong Kong the benchmark Hang Seng Index fell 1.96%, while in Japan, the benchmark Nikkei 225 index dropped 1%.
Market sentiment was weak before the attacks, with the UK's FTSE 100 closing at a six-week low and Wall Street having its worst week since August.Market sentiment was weak before the attacks, with the UK's FTSE 100 closing at a six-week low and Wall Street having its worst week since August.
Investors may now seek traditional safe-haven investments such as gold, the US dollar, and Japanese yen. French financial markets will open as usual on Monday, Euronext has said.
Meanwhile, French financial markets will be open as usual on Monday, stock and derivatives exchange Euronext said. A spokesperson for the stock and derivatives exchange said: "Our priority is the safety of our staff and there will therefore be extra security in place in Paris on Monday."
A spokesman said: "Our priority is the safety of our staff and there will therefore be extra security in place in Paris on Monday."
'Negative impact''Negative impact'
As well as the recent lacklustre performances in the UK and US, France's Cac-40, the German Dax, and major Asian indexes had all closed down on Friday. As well as the recent lacklustre performances in the UK and US, France's Cac-40, the German Dax, and major Asian indexes had all closed down on Friday.
And French stocks, including those connected with the country's large tourism sector, could be most at risk of large falls, analysts say.And French stocks, including those connected with the country's large tourism sector, could be most at risk of large falls, analysts say.
The tourism sector accounts for about 7.5% of French GDP.The tourism sector accounts for about 7.5% of French GDP.
"These Paris terrorist attacks and the larger scale of this attack could have a meaningful negative impact on the travel and tourism sector," said Robert T Lutts, president and chief investment officer at Cabot Wealth Management told Reuters."These Paris terrorist attacks and the larger scale of this attack could have a meaningful negative impact on the travel and tourism sector," said Robert T Lutts, president and chief investment officer at Cabot Wealth Management told Reuters.
"It is possible this could cause investors to take a bit more cautious stance on the higher risk sectors of the markets.""It is possible this could cause investors to take a bit more cautious stance on the higher risk sectors of the markets."
A decline in tourism in Europe could also weaken the euro, analysts warned.
And IG France analyst Alexandre Baradez told the agency that stocks "angled towards consumer goods or tourism, notably the luxury industry with the Christmas season, could be affected."And IG France analyst Alexandre Baradez told the agency that stocks "angled towards consumer goods or tourism, notably the luxury industry with the Christmas season, could be affected."
Euro 2016
Hidenori Suezawa, financial market and fiscal analyst at SMBC Nikko Securities, added: "Given that France has a big tourism industry there may be some damage to the economy if this leads to a fall in visitors to France, or in tourism in general after the crash of a Russian plane."Hidenori Suezawa, financial market and fiscal analyst at SMBC Nikko Securities, added: "Given that France has a big tourism industry there may be some damage to the economy if this leads to a fall in visitors to France, or in tourism in general after the crash of a Russian plane."
Meanwhile, the organisers of the Euro 2016 football tournament, which will see a huge influx of tourist visitors from across Europe, say the event should not be cancelled.
Tournament organiser Jacques Lambert told French radio station RTL: "We will take the necessary decisions for Euro 2016 to take place in the best safety conditions.
"Security in stadiums works well, the risk is more in the streets, in spontaneous gatherings."
'Rush to safety''Rush to safety'
Following the Madrid bombings in 2004 and London bombings of 2005 the Spanish and UK markets dropped by 2.2% and 1.4% respectively after those events. Following the Madrid bombings in 2004 and London bombings of 2005 the Spanish and UK markets dropped by 2.2% and 1.4% respectively.
"The knee-jerk reaction in other terrorist attacks over the last decade has been a rush to safety, including aggressive buying in the US Treasury markets," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott LLC."The knee-jerk reaction in other terrorist attacks over the last decade has been a rush to safety, including aggressive buying in the US Treasury markets," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott LLC.
Investors in Europe and the US will be closely watching the reaction of markets in Asia and Australia when they open. Many analysts believe any economic impact will be short.
Shane Oliver, chief economist at Australia's AMP Capital in Sydney, said there would be short-term market nervousness, but he thought the economic impact would be limited. "As horrific as these events are - and this is truly awful - economic activity does tend to be pretty resilient.
"Markets will quickly recover and go on to focus on other things," he added. `"At the end of the day, people have to get on with their lives," said Howard Archer, an economist at IHS Global Insight.
US equity strategist Sam Stovall said he expected stocks to start recovering after about a week.
"It's not something that's going to throw the European economy into recession," he said.