European stocks trade lower after Nice attack
France’s CAC index dropped 0.7 percent to 4,353. Germany’s DAX was down 0.5 percent at 10,021 in early trading. Spain’s IBEX slipped 0.2 percent to 8,536.
Quick look at markets. Europe stocks subdued after Nice attack. pic.twitter.com/H1AtSenq4l— Holger Zschaepitz (@Schuldensuehner) July 15, 2016
London’s FTSE 100 index dropped 0.2 percent to 6,641.75 points compared with the close on Thursday.
Travel and leisure companies were among the biggest losers. French hotel group Accor and Air France-KLM were trading sharply lower, down by 2.86 percent and 1.28 percent respectively. Airlines EasyJet an IAG were also lower.
“In focus today will be last night’s tragic Bastille Day attack in Nice,” said Accendo Markets analyst Mike van Dulken in London as cited by AFP.
Meanwhile, Asian stock markets climbed for a fifth-straight session Friday after China released data showing its economy grew more than expected; by 6.7 percent in the second quarter.
Late on Thursday, a gunman smashed a truck into a crowd of people in Nice during Bastille Day celebrations. The attacker, who is identified by a police source as a 31-year-old Tunisian-born Frenchman, also opened fire before police shot him dead.