European shares fall as tension grows after Russian jet downed

martes 24 de noviembre de 2015 13:48 GYT
 

* FTSEurofirst 300 index down 1.3 percent

* Downing of Russian warplane hits markets

* Tourism stocks fall on U.S. travel alert

* Zodiac Aerospace slumps on earnings update (Adds closing prices)

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Nov 24 (Reuters) - European shares dropped to one-week lows on Tuesday as mounting geopolitical tensions following the downing of a Russian warplane near the Syrian border pushed investors out of risky assets like equities.

Travel stocks were among the hardest hit following a U.S. travel warning, while sentiment was also depressed by disappointing updates from companies such as Zodiac Aerospace .

The pan-European FTSEurofirst 300 index closed down 1.3 percent after falling by as much as 2 percent. Last week the index touched a three-month high on ECB monetary stimulus hopes.

"With equity markets markedly off the September lows and expectations of more stimulus from the ECB and of a dovish hike at the Fed baked into current valuations, the downing of the Russian warplane, combined with the high terrorism alert, could be a trigger for profit taking," JCI Capital analyst Emanuele Rigamonti said.   Continuación...