European shares dip after explosions at Brussels Airport
On Tuesday, European shares went down following terrorist attacks at the Brussels Airport as well as a local subway station. The attacks caused deaths and injuries.
The Stoxx Europe 600 lost 0.6%, trading at 338.53, and with all sectors down. The consumer-services were struggling as travel shares headed lower.
Belgium’s Bel-20 index decreased 0.3% to about 3,410.64.
Thirteen people have been reported dead after two terroristic attacks at the Brussels Airport. It feels like the dark gloomy cloud of terrorism has come back to the EU, and this fact had an enormous impact on financial markets.
As for travel stocks, Air France-KLM SA dipped 5.1%, French hotel Accor SA lost 3.5%, UK’s company British Airways parent International Consolidated Airlines Group dripped 3.4%, while Deutsche Lufthansa AG sagged 1.6%.
French CAC 40 was deprived of 0.4%, trading at 4,408.89, while German DAX 30 traded at 9,904.12, showing a 0.4%.
Italian FTSE MIB sagged 0.8, while Spanish IBEX 35 fell 0.6%.
American stock futures retreated, while gold futures demonstrated a decent surge.