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Analysts expect short-term market drop from Paris terror

7 years 10 months 1 week ago Sunday, November 15 2015 Nov 15, 2015 November 15, 2015 1:19 PM November 15, 2015 in News
Source: APNewsNow

NEW YORK  - The value of stocks, crude oil and the European currency will likely fall this week as investors worry about what the Paris terror attacks will do to consumer confidence and key parts of the global economy.
The public nature of the targets - cafes, a stadium and a concert hall - could make travelers hesitant. A drop in tourism in Europe could weaken the euro, while oil prices could fall on fears that demand will drop. The attacks also could hurt the stocks of major airlines.
Friday night's suicide-bombing attacks come as investors are already nervous about slowing economic growth in China and the future of the eurozone.
Some analysts, however, believe any economic impact will be short. That's based on reactions to similar attacks in the past.

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