The terror attacks in Barcelona and continuing concerns about Donald Trump’s presidency have put stock markets under a fair bit of pressure on the last trading day of the week, The Guardian reports.
European markets opened lower, following the overnight lead from Wall Street and Asia. Airline shares have been among the biggest fallers, on fears these latest attacks could prove another blow to tourism.
Meanwhile investors turning away from equities are heading into safer areas such as the Japanese yen and gold. Elsewhere S&P has kept its AA rating on South Korea despite the recent belligerence from its northern neighbour, saying “We believe a direct armed conflict is unlikely.”
The current state of play on the markets sees the FTSE 100 nearly 1% or 71 points lower, Germany’s Dax down 0.3%, France’s Cac off 0.9% and Spain’s Ibex falling 0.75%.
The European travel and leisure index is 1.1% lower, partly reflecting the falls in airline and tourism stocks. And on Wall Street, the Dow Jones Industrial Average is forecast to open virtually unchanged.