Travel stocks weigh on European shares after Brussels attacks

martes 22 de marzo de 2016 11:55 GYT

* Pan-European FTSEurofirst 300 index down 0.6 pct

* Travel and leisure stocks lead the market lower

* Partners Group bucks the trend after update

* Renault, Vivendi rise helped by broker upgrades (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report. Adds details, updates prices)

By Atul Prakash and Danilo Masoni

LONDON/MILAN, March 22 (Reuters) - European shares fell on Tuesday, with travel and leisure stocks leading the market lower after the deadly attacks in Brussels.

At least 30 people were killed in attacks on Brussels airport and a rush-hour metro train in the Belgian capital, triggering security alerts across Western Europe.

"Geopolitical risk, including acts of terrorism which directly affect trade or movement, remains a significant risk factor to monitor," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.

"In a period where there is suboptimal growth both in Europe and globally, combined with equity valuations that are no longer cheap, there exists an environment which is susceptible to shocks that can act as a trigger for falls in asset prices."   Continuación...