Leisure stocks sag in Europe after Brussels attacks

martes 22 de marzo de 2016 13:49 GYT
 

* Pan-European FTSEurofirst 300 index down 0.1 pct

* Travel and leisure stocks top sectoral losers

* Partners Group rallies after update

* Renault, Vivendi gain 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 for more details. Adds details, closing prices)

By Danilo Masoni and Atul Prakash

MILAN/LONDON, March 22 (Reuters) - European shares fell slightly on Tuesday as losses among travel and leisure stocks after the deadly attacks in Brussels were partly offset by gains in technology and autos.

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...