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Markets

Travel stocks fall after France attack

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Opening sequence

Markets

Travel stocks fall after France attack

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COMING UP:Travel stocks fall after France attack

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Transcript

00:00:01
>> European shares subdued on Friday in the wake of the Nice terror attacks. The gunman at the wheel of a heavy truck plowing into a crowd celebrating Bastille Day late on Thursday. Reuters European stock market correspondent Atul Prakash says the market impact has been limited.>> European shares are slightly down today and they are getting little bit of support from China.
00:00:25
They thought which was not that bad and which is in fact quite encouraging. But market is getting little bit of pressure from traveler, losing stocks because of the attacks,>> French hotel group Accor, Europe's largest operator down 3%. Shares in airlines, including AirFrance KLM and EasyJet, also, dipping.
00:00:46
>> The sector outlook is not great. This is one of the biggest fall of this year. It is down about 18% or so and earlier Paris attacks and many of earlier problems happening in the Middle East and now Brexit. These things are hurting sentiment in the sector and people are not traveling that much.
00:01:01
They are avoiding going to those conflict areas and they are worried about terrorist attacks.>> Global stock markets set to remain buoyant though. Wall Street setting new record highs on Thursday. JP Morgan kicking off the earnings season by beating expectations. A positive health check from reading on Chinese GDP, industrial output, and retail sales also helping push Asian shares to nine month highs.