Overseas Trading: Airlines Slump as Traders React to Paris Attacks

Travel and leisure stocks are slumping after Friday's terrorist attacks on Paris, while commodities rally

Nov 16, 2015 at 8:27 AM
facebook twitter linkedin


Asian markets finished mostly lower today, with airlines and travel stocks pacing the decline after Friday's coordinated terror attacks in Paris. Traders also eyed a gross domestic product (GDP) report showing Japan fell back into recession during the July-September period, with the economy contracting for a second consecutive quarter. However, China managed a positive finish, after capital markets on the mainland netted inflows during October for the first month in five. By the close, Hong Kong's Hang Seng fell 1.7%, South Korea's Kospi lost 1.5%, Japan's Nikkei shed 1%, and China's Shanghai Composite edged up 0.7%.

Many European markets have muscled onto positive ground at mid-session, led by strength in commodity stocks as traders flock to oil and gold. However, as in Asia, tourism-dependent sectors -- such as airlines and hoteliers -- are trading broadly lower as investors react to the Islamic State siege on Paris. At last check, London's FTSE 100 is up 0.3%, the German DAX has added 0.2%, and France's CAC 40 is off 0.3%.

Overseas markets 1116

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners