US warning of Europe attacks trigger fall in European tourism-related shares

Published on : Thursday, June 2, 2016

travel alertThe US issued a travel alert over the possibility of attacks in Europe this summer causing ripples in the travel sector and the plunging of European tourism-related shares.

The travel and leisure sector fell 1.5 per cent, among top sectoral fallers.

In the warning, the US specified that major events, tourist sites, restaurants, commercial centers and transportation could all be targeted.

The already battered French tourism industry had to face another downfall with the fall in shares of French tourism stocks.

“The expectation is that we will see a bit of a difficult summer, and the backdrop of that perception of an increased risk of attacks is certainly not helping,” Chris Beauchamp, market analyst at IG, said.

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