The terrorist attacks at Paris in the last Friday didn’t affected the economy of the European Union , as some of the folks were expecting. (nor the U.S markets).
We’ve seen some sliding down in the hospitality industries , airlines, retail products.. etc, in the Union. it’s nothing big to be discussed further.
It’s all about the consumers not going out and not spending money, because they could be potential victims of the Islamic State. Hopefully that’s not what’s going to happen. Neither affected the markets.
The attacks may make it even more likely that the European Central Bank will expand its stimulus program at the conclusion of its December meeting, some analysts said. Some speculate that the Federal Reserve could also hold off on raising rates next month.
At this juncture, it is easy to see that the Fed’s intentions to `normalize’ monetary policy could be derailed by a combination of adverse domestic economic and external events.
In Europe, Germany’s DAX was flat, while France’s CAC-40 slipped 0.1 percent. Britain’s FTSE 100 rose 0.5 percent. In Asia, Japan’s Nikkei 225 fell nearly 1 percent, while Australia’s S&P/ASX 200 lost nearly 1 percent. Hong Kong’s Hang Seng fell 1.7 percent.