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Europe: Stocks steady after fatal attacks

Tuesday, December 20, 2016 - 16:39

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[LONDON] European stocks held steady at the open on Tuesday in nervous trade after deadly attacks in Germany and Turkey, dealers said.

In opening deals, Frankfurt's benchmark DAX 30 index was 0.1 per cent lower at 11,415.30 points and the Paris CAC 40 was essentially flat at 4,822.30.

London's FTSE 100 dipped 0.2 per cent to 7,000.74 points compared with the close on Monday.

At least 12 people were killed and dozens injured late Monday when a lorry was driven into a packed Berlin Christmas market in what police said was "a probable terrorist attack".

sentifi.com

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That came after an off-duty policeman shot dead Russia's ambassador to Turkey in Ankara. Also Monday, three people were hurt in a gun attack on a mosque in Zurich.

"It is perhaps a sign of how depressingly routine such tragedies have become that the market no longer has the same kind of reaction to them," noted Spreadex trader Connor Campbell.

Europe has been on high alert for most of 2016, with terror attacks striking Paris and Brussels, while Germany has been hit by several assaults claimed by the Islamic State group and carried out by asylum-seekers.

"Markets are getting used to co-exist with the current unrest," London Capital Group analyst Ipek Ozkardeskaya told AFP.

"Terror attacks appear as already priced in. Individual incidents do no longer get aggressively priced."

AFP

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