BRUSSELS: European stocks were seen opening sharply lower on Monday with French shares leading the sell-off as Friday’s deadly attacks in Paris spark a flight to safety assets.
The events in Paris are likely to put consumer goods or tourism stocks particularly under pressure as the attacks weigh on people’s confidence in the short term, but that could reinforce the ECB’s resolve to ease monetary policy.
Futures for the France’s CAC were down 1.9 percent, futures for the Euro STOXX 50 fell 1.7 percent and futures for Germany’s were down 1.8 percent. Futures for Britain’s FTSE 100 dropped 1.1 percent.
