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Markets show resilience in face of Paris attacks

CACMon: Markets proved resilient in the aftermath of the terrorist attacks on Paris with most ending the day in positive territory and even the Paris CAC index recovering most of its losses to end the day only 3.64 points or 0.08% down at 4804.31.

In London, the FTSE100 was in the black for most of the day and closed up 28.1 points or 0.46% at 6,146.38. However, travel and airline companies were among the big fallers, Tui being the biggest victim, down 4.06% at 1088p. Thomas Cook and IAG also fell.

The Dax in Germany also rose, up 0.05% at 10713.23. Some hints at a drift into defensive assets was evident as bond and gold prices also rose.

Energy stocks surged as oil prices advanced amid air strikes in Syria, with Premier Oil, Tullow Oil and Petrofac all firmly higher.

Petrofac also gained after announcing that it has been awarded a contract by Saudi Aramco to undertake the engineering, procurement, and construction of a sulphur recovery plant as part of the company’s Fadhili programme.

 

 

 

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