Reaction Post 18/11/15

The attacks on Paris 5 days ago, not only affected the people of France, but it affected the hearts of the world. However the people as a collective, though striking, was not the only issue. The issue I speak of is that of finance and the economy. In the wake of the Paris attacks, the worldwide stock markets crumbled. Britain’s major trading platform the FTSE100 index suffered its biggest weekly drop since the market panic which struck in mid-August. The US stock market was also hit hard, with an increase in oil prices.

The Dubai stock market saw a fall of 3.7% on Sunday, reaching a 2015 low, while stocks in Saudi Arabia lost 2.6% and The Egypt Exchange index dropped to a two-year low. Markets in Kuwait and Bahrain were also heavily affected.

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