Arab Today, arab today european travel stocks bounce back after brussels attacks
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

European travel stocks bounce back after Brussels attacks

Arab Today, arab today

Arab Today, arab today European travel stocks bounce back after Brussels attacks

Airline and travel stocks rose a day after the Brussels attacks
London - AFP

European stock markets pushed higher on Wednesday, with airline and travel stocks in positive territory after the previous session's sharp falls caused by the Brussels attacks.

Asian markets broadly retreated, playing catch-up with losses incurred Tuesday across Europe and on Wall Street following the deadly bombings in the Belgian capital.

"European markets continue to show remarkable resilience in the face of yesterday's terrorist attacks, moving higher in early trade and continuing their defiant stance from yesterday which saw markets shrug off their early flight to safety and finish in positive territory," said Rebecca O'Keeffe, head of investment at stockbroker Interactive Investor.

Around 1030 GMT, London's benchmark FTSE 100 index was up 0.1 percent compared with Tuesday's close. In the eurozone, Frankfurt's DAX 30 won 1.0 percent and the Paris CAC 40 gained 0.5 percent.

The euro dropped against the dollar.

Two suicide bombers who struck Brussels were identified Wednesday as brothers linked to the prime suspect in the November 13 Paris attacks, as a manhunt for a third assailant in Belgium's bloodiest terror assault gained pace.

A day after the triple blasts that killed about 30 people and left around 250 injured, in an operation claimed by the Islamic State jihadist group, RTBF television said police had identified two suicide attackers as Khalid and Ibrahim El Bakraoui.

After sliding Tuesday, travel and airline stocks fought back with slight rebounds. Nearing midday, easyJet was up 1.0 percent, tourism group TUI won 0.2 percent, hotels company Accor gained 0.4 percent and airline Deutsche Lufthansa rose 0.7 percent.

Asian investors played it safe with few catalysts to drive trade as dealers eye the long Easter break that starts Friday, analysts said.

The mood across regional trading floors remained "cautious to negative", Jackson Wong, Hong Kong-based associate director at Simsen Financial Group, told AFP.

"Investors are reluctant to get in (the market) at this point," Wong said.

All Nippon Airways lost 0.51 percent and Korean Air Lines dropped 1.48 percent in trading on Wednesday.

In US deals on Tuesday, Expedia, American Airlines and Delta all slipped.

Bernard Aw, a market analyst at IG trading group, said "the impact of terror attacks on financial markets has become less and less dramatic in recent years, compared with the aftermath of the September 11 attacks".

- Key figures around 1030 GMT -

London - FTSE 100: UP 0.1 percent at 6,201.26

Frankfurt - DAX 30: UP 1.0 percent at 10,087.74

Paris - CAC 40: UP 0.5 percent at 4,454.17

EURO STOXX 50: UP 0.6 percent at 3,068.57

Tokyo - Nikkei 225: DOWN 0.3 percent at 17,000.98 (close)

Shanghai - Composite: UP 0.4 percent at 3,009.96 (close)

Hong Kong - Hang Seng: DOWN 0.3 percent at 20,615.23 (close)

New York - Dow: DOWN 0.2 percent at 17,582.57 (close)

Euro/dollar: DOWN at $1.1189 from $1.1216 on Tuesday

Dollar/yen: UP at 112.67 yen from 112.35 yen

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european travel stocks bounce back after brussels attacks Arab Today, arab today european travel stocks bounce back after brussels attacks

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european travel stocks bounce back after brussels attacks Arab Today, arab today european travel stocks bounce back after brussels attacks

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday