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NEW YORK (AP) — Stock markets in New York and in much of the world are proving to be more resilient today than many analysts had anticipated, in the aftermath of Friday's attacks in Paris.
After opening mostly lower following a retreat in Asia, most stock markets in Europe turned higher. Financial analyst Connor Campbell of Spreadex said, "There is no sign of the panicked trading that could have been justifiably expected." But some travel and tourism stocks have been hit hard on European exchanges.
Stocks on Wall Street opened slightly higher.
There are still some signs that investors are worried about the long-term fallout from the attacks -- particularly in the Middle East. Gold, which investors traditionally buy as a safe haven, is in demand today. And a barrel of benchmark New York crude oil is up two and a-half percent.
The attacks could also have an impact on the fragile economies of France and Europe by discouraging people from spending on nights out, travel and entertainment. The euro has bene down by four-tenths of one percent today.
Analysts say the Paris attacks make it even more likely that the European Central Bank will expand its stimulus program at the conclusion of its December meeting. There's even speculation that the attacks may be enough to put a brake on a rate hike from the U.S. Federal Reserve in December, which would be its first in more than nine years.
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203-r-13-(Sound of the New York Stock Exchange opening bell rung by Medal of Honor recipient U.S. Army Captain Florent 'Flo' Groberg, following a moment of silence for victims of the Paris attacks)--Sound of the opening bell at the New York Stock Exchange rung by Medal of Honor recipient U.S. Army Captain Florent 'Flo' Groberg, following a moment of silence for victims of the Paris attacks. (16 Nov 2015)
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148-c-16-(Yuri Kageyama (kah-ghee-YAH'-mah), AP correspondent)-"a technical recession"-AP correspondent Yuri Kageyama reports the Paris terror attacks aren't the only issue impacting overseas stocks. (16 Nov 2015)
<<CUT *148 (11/16/15)££ 00:16 "a technical recession"
APPHOTO NYRD104: A French flag flies at half-staff in front of the New York Stock Exchange, Monday, Nov. 16, 2015, in the wake of the terrorist attacks in Paris on Friday. (AP Photo/Richard Drew) (16 Nov 2015)
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