Markets React to Paris Attacks
Global Markets Retreat after Paris Attack
EURO Falls
Gold Up
Oil Weak
US Futures trading lower
French financial markets will be open as usual on Monday, with security measures taken for staff, stock and derivatives exchange Euronext said a day after the attacks.
Markets in the Middle East, which trade on Sunday, were hit hard, though part of that decline was due to last week’s drop in oil prices.
Crude futures registered their biggest weekly loss in eight months, losing 8 percent on the week for their worst performance since March, as growing inventories stoked fears of oversupply.
Futures retraced some of the lost ground in early Asian trade. Brent was up 0.3 percent at $44.62 a barrel after shedding 1 percent on Friday, while U.S. crude was up about 0.4 percent at $40.89 a barrel after giving up 2 percent.
Spot gold added about 0.5 percent to $1,089.51 an ounce, moving away from its low on Thursday of $1,074.26, which was its deepest nadir since February 2010.
Australian shares was down 0.6 percent after touching a more than one-month low.
The Nikkei stock index tumbled 1.3 percent in early trade, nearly wiping out last week’s 1.7 percent gain, the fourth weekly rise in a row.
Data released before the Tokyo market opened showed that Japan’s economy slipped back into recession in the July-September quarter, contracting at a 0.8 percent annualized rate, compared with the median estimate for a 0.2 percent contraction.
S&P 500 futures were down 0.7 percent, after shedding about 1 percent in light volume in late trading on Friday. News of the attacks by gunmen and bombers that killed 132 people in the French capital came after U.S. markets closed for the day.
Before the assault, Wall Street had marked its worst week since August, with major U.S. indexes all shedding more than 1 percent after a spate of mixed economic data.
The euro dropped about 0.5 percent to $1.0715, after logging a flat performance last week. It was down 0.7 percent against the yen at 131.10 yen.
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