WASHINGTON — The attacks that killed nearly 130 people including an American in Paris on Friday night have left the world mourning and economic strategists questioning the possible impact on the financial markets.
Although French president Francois Hollande declared a state of emergency and set aside three days for mourning the attacks by ISIS, the French financial markets will open Monday as usual, according to Reuters.
So what will be affected? IG France analyst Alexandre Baradez tells Reuters that the luxury industry and stocks dealing with tourism will likely be impacted.
Few economic strategists expect a significant jolt outside of France, Reuters reports. Analysts, comparing the attacks to past events, say European crises within the last 15 years haven’t had any serious effects on the economy.
However, analysts say the initial shock may affect oil and the euro temporarily.
Chief technical analyst Eiji Kinouchi at Daiwa Securities in Tokyo, tells Reuters that if the attacks happened while the markets were still open Friday, there could have been hysteria.
