Stocks Fall With Euro on Paris Attack as Haven Trade Lifts Bonds
- Losses seen short-lived by some as history shows resilience
- France's CAC 40 falls 1.2%; Treasuries gain on safety demand
Paris Attacks May Cause Short-Term Fear in Markets
Stocks fell around the world and the euro slipped as investors responded to Europe’s worst terror attack in a decade by trimming positions in riskier assets. Demand for havens boosted gold and government bonds.
The Stoxx Europe 600 Index dropped to a three-week low and Europe’s common currency weakened 0.2 percent as the violence in Paris on Friday sparked concern that geopolitical tensions will hurt trade and consumer confidence. Chinese shares in Hong Kong led losses in Asian equity markets after authorities restricted the use of borrowed money to buy shares, while U.S. index futures slipped. Gold advanced the most in a month and Treasuries climbed for a fifth day. Oil halted two weeks of losses as France dispatched warplanes to bomb Islamic State’s stronghold in Syria.