The terrorist attacks on Brussels crashed the stock markets worldwide

Image credits: www.cbc.ca

The terrorist attacks on Brussels from March 22 which killed 32 people lead to the crash of the stock markets across the globe.

The stocks that were heavily affected come from the travel sector, including hotels and airlines. Though some of the losses were clawed back by midday, the broader indices were pulled down for several weeks when they were high.

U.S. futures pointed to almost half a percent at the open on Wall Street.

Emile Cardon, the Rabobank euro zone economist, declared that the crash is related to the terrorist events in Brussels and the muted reaction of the investors shows that the markets have learned to live with such events.

The FTSEuroFirst 300 index of leading shares was situated at 12:20 GMT at 1.356 points. Belgian stocks were down 0.4%, while the German ones 0.5%

The STOXX Europe 600 Travel & Leisure index was the top faller in the sector as it went down 2%. The shares of the hotel company Accor went down 3.5%, while the shares of the 2 major European airlines Air France-KLM and Ryanair went down 4.5%.

Based on the information provided by Express “Gold rose 0.6 percent to $1,255 an ounce, having been up around twice that earlier. The yield on benchmark German government bonds fell to a two-week low of 0.18 percent before edging back to 0.21 percent. U.S. Treasury yields fell 2 basis points across the curve.”

Currency markets were also affected by the unfortunate events. The yen was regarded by investors as a shelter, and it rose notably, meaning that the euro went down 0.5% at 125.25 yen, while the dollar at 0.3% at 111.60 yen.

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