371

European stocks head south

On Friday, European stocks edged down, with travel stocks going down after a deadly terrorist attack, which killed more than 80 people in Nice, France.      

The Stoxx Europe 600 lost 0.2%, trading at 337.92, though losses were limited by revenues among utility, financial as well as telecommunication shares.

French AccorHotels SA found itself close to the bottom of the index. Its brands included Fairmont and Ibis as well as d airline EasyJet PLC. Their stocks sank 3.2% and 2.1%, respectively, thus reacting to Thursday’s murder of 84 people in Nice.

François Hollande, French President told the scene boasted undeniable traits of terrorism, and he had to extend the country’s state of emergency, which has been in place since November’s terrorist attacks in Paris.

Thomas Cook Group PLC, travel services provider slumped too, its shares sank 1.4%. However, stocks of British Airways parent International Consolidated Airlines PLC headed north 0.7%.

French CAC 40 sagged 0.2%, hitting 4,375.81. The common currency was buying $1.1132 compared with Thursday’s reading of $1.1123. 

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