European shares rebound after Brussels attacksTuesday 22 March 2016 18.49
European shares have rebounded in late afternoon trading following strong early falls today, after explosions in Brussels killed at least 34 people.
European stocks fell after the explosions, particularly travel sector stocks including airlines and hotels, pulling the broader indices down from multi-week highs.
Safe-haven assets, gold and government bonds have risen in price today.
Analysts said that geopolitical risk, including acts of terrorism which directly affect trade or movement, remains a significant risk factor to monitor.
Initially, The STOXX Europe 600 Travel and Leisure index fell 2.4%, with shares in easyJet, Ryanair, Accor, TUI and IAG dropping by between 3.1% and 4.2%.
However, stock exchanges in London, Paris, and Frankfurt are all now in positive territory for the day.
Meanwhile, the ISEQ in Dublin is 0.35% lower in afternoon trade.
Brussels airport is closed until further notice, Eurocontrol, the European organisation for air navigation safety confirmed on its website following the explosions.
Meanwhile, US airline and travel stocks also tumbled today as stocks on Wall Street retreated after that series of co-ordinated attacks in Brussels.
However, both the Dow Jones and Nasdaq are both higher in early afternoon trade.