Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European stocks close slightly lower after terrorists strike Brussels
Published in Amwal Al Ghad on 22 - 03 - 2016

Europe's main stock benchmark ended lower Tuesday, albeit well off session lows, after explosions rocked the Brussels Airport and a local subway station left dozens dead and injured.
The Stoxx Europe 600 dropped 0.2% to end at 340.30, as gains for technology, health care and industrial shares helped curb the decline. But the consumer-services sector was under pressure as travel-related stocks fell.
Belgium's Bel-20 index closed up 0.2% at 3,424.92, bouncing back after briefly dropping by 1.4% as trading opened. There, shares of property company Cofinimmo lost 0.6% and financial services firm ING Groep NV also fell 0.6%.
"Markets recovered some of the losses as the afternoon came around," said Jasper Lawler, analyst at CMC Markets, in a note. "The sad reality is that the more frequent these kinds of events become, the more markets become immune and the response in prices becomes less dramatic."
Islamic State claimed responsibility for three explosions that rocked Brussels on Tuesday morning, hitting the international airport and the city's metro system. At least 34 people were killed and 136 were wounded, according to news reports.
Among travel shares, Air France-KLM SA fell 4% and French hotel group Accor SA lost 3.9%. British Airways parent International Consolidated Airlines Group shed 1.5% and low-cost airline Ryanair Holdings PLC dropped 2.2%. Deutsche Lufthansa AG declined 1.3%.
"Following the attacks in Paris last November, concerns about similar future events in Europe may have a more prolonged impact on the tourism and travel sectors, as well as a deterioration in consumer sentiment," said Charalambos Pissouros, senior analyst at IronFX Global, in a note.
The euro fell to $1.1209 compared with $1.1249 late Monday. The shared currency declined 0.4% against the Japanese yen to ¥125.65.
The blasts are believed in retaliation for last week's arrest of Salah Abdeslam, a suspect in the deadly Paris attacks in November.
Indexes: Several major European equity indexes erased morning losses and finished slightly in positive territory. In Paris, the CAC 40 managed to close up 0.1% at 4,431.97, and Germany's DAX 30 gained 0.4% to finish at 9,990.
The U.K.'s FTSE 100 ended 0.1% higher at 6,192.74.
U.S. stocks were also trimming losses in recent trading Tuesday, while gold futures stayed higher on apparent haven demand.
Economic data: German business sentiment improved in March. The Ifo Institute said its business climate index rose to 106.7 from 105.7 in February, above a 105.9 reading expected in a survey by The Wall Street Journal.
Separately, eurozone economic activity picked up in March, according to surveys of purchasing managers. Markit's composite purchasing managers index rose to 53.7, but businesses reported only a slight increase in new orders and hiring.
Source: MarketWatch


Clic here to read the story from its source.