Shares of French companies
Shares of French companies related to tourism and luxury goods fell sharply on Monday as a result of attacks in Paris on Friday. Shares of Accor Hospitality group started trading on the stock exchange in Paris fell by 7%, reports Reuters. Shares of Aeroports de Paris, the operator of the Charles de Gaulle Airport, and Air France's fell 5 percent, while Eurotunnel - by 4.5%. Impact has on companies and luxury goods Hermes, LVMH and Kering, who receive much of the revenue from sales of foreign tourists in Paris. Their shares in early trade, declined by 3%.
"Shares that are related to consumer goods or tourism, in particular in the luxury industry and Christmas holidays may be affected," said the agency analyst IG France Alessandro Barades. According to him, the January attacks were targeted while they are now to the whole population. "There may be purely psychological effect to push investors to remain on the sidelines until they appear more clarity," said Barades.
The main index of leading stock exchanges in Europe began seven with a fall of 0.5 to nearly 1%, but at 11.00 hours CET recover. In Paris the CAC 40 lost 0.11 percent, Germany's DAX index yielded 0.17%, while Britain's FTSE-100 recorded growth of 0.3%.
Minimum euro depreciated against the dollar - to 1.0737, while against the pound slightly more expensive.