International stock markets tumble after UK blasts
{{date|July 7, 2005}}
{{2005 London bombing infobox}}
[[Image:Ftse7july05.PNG|thumb|250px|left|The FTSE reacted quickly to the blasts]]
Some stock markets fell sharply Thursday upon news that London was hit by a series of coordinated explosions.

The FTSE 100 Share Index fell over 150 points, over 2.8%. Among the hardest hit stocks were airlines, hospitality and insurance companies, according to reports. 

At 11:41UTC, the [[w:FTSE 100|FTSE 100]] [http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/stockmarket/3/default.stm], the yardstick used to measure the largest [[United Kingdom|British]] companies on the stockmarket had fallen 3.85%, dropping by 201.2 points to 5028.40. British Airways and the Hilton group lead the losers with drops of over 7% each as investors speculated about a terrorist involvement in the attacks which could adversely affect tourism and travel.
In [[w:Paris|Paris]] the [[w:Cac 40|Cac 40]] Index [http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/stockmarket/1/default.stm] of France's forty largest companies took an even worse beating, dropping almost 4% by 11:47UTC by 170.37 points to 4109.58. Among the top losers was Axa Insurance which dropped by 5.4%.

Across the border in [[Germany]] the [[w:Dax|Dax]] [http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/stockmarket/18/default.stm] had shed 3.15%, or 145.47 points, by 11:50UTC to 4470.02 points. Again among the top losers was a major insurer – Allianz which fell over 5%.

It seems that airlines and insurers have been hit the worst so far. [[w:Ryanair|Ryanair]] has dropped 7.73% or over €400m in value and [[w:EasyJet|easyjet]] has shed  7.28%.

Shortly after news of the explosions spread to trading floors, shares of [[w:British Airways|British Airways]] fell more than 6 percent. Other stocks affected included [[w:Carnival Corporation|Carnival Corporation]], [[w:InterContinental Hotels Group|InterContinental Hotels Group]], [[w:Hilton Group|Hilton Group]], and [[w:Prudential|Prudential]].

[[Image:Ftse-070705.png|thumb|right|350px|The FTSE has recovered some of it's initial loss. Futures trading has seen highly increased volume.]]

The FTSE had recovered 116 points at 13:43 after it's initial fall of 206. Increased volume of FTSE futures on LIFFE has meant that many people have been able to profit from the fall.

The price of gold has jumped by 1% as investors seek a secure place for their money.

United States markets have fallen significantly as well, with the Dow having fallen by 65 points, the S&P 500 7.57, and the NASDAQ 7.51 as of 13:43UTC.

==Sources==
*{{source|url=http://www.advfn.com| title= Some market data provided by ADVFN|author= |pub=ADVFN|date=July 7, 2005}}
*{{source|url=http://news.bbc.co.uk/1/hi/business/4659349.stm| title= Markets fall after London blasts | author= |pub=BBC News|date=July 7, 2005}}
*{{source|url=http://today.reuters.com/news/NewsArticle.aspx?type=businessNews&storyID=2005-07-07T101230Z_01_L07682729_RTRIDST_0_BUSINESS-MARKETS-STOCKS-US-EUROPE-DC.XML| title=Wall St seen sharply lower | author= |pub=Reuters|date=July 7, 2005}}
*{{source|url=http://today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2005-07-07T103216Z_01_L07551279_RTRIDST_0_BUSINESS-MARKETS-EUROPE-STOCKS-DC.XML| title=FTSE, Europe shares tumble after blasts | author= |pub=Reuters|date=July 7, 2005}}
*{{source|url=http://www.bloomberg.com/apps/news?pid=10000100&sid=abEz3mu6K14E&refer=germany
|title=European Stocks Drop, Led by British Airways on London Blasts
|author=
|pub=Bloomberg
|date=July 7, 2005}}
*{{source|url=http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=OBR&Date=20050707&ID=4946110
|title=Explosions in London batter markets
|author=
|pub=Reuters
|date=July 7, 2005}}

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[[Category:2005-07-07 London bombings|2005-07-07]]
[[Category:Europe]]
[[Category:United Kingdom]]
[[Category:London]]
[[Category:Economy and business]]
[[Category:Stock market]]
[[Category:Tourism]]
The FTSE reacted quickly to the blasts
Some stock markets fell sharply Thursday upon news that London was hit by a series of coordinated explosions.

The FTSE 100 Share Index fell over 150 points, over 2.8%. Among the hardest hit stocks were airlines, hospitality and insurance companies, according to reports. 

At 11:41UTC, the FTSE 100 , the yardstick used to measure the largest British companies on the stockmarket had fallen 3.85%, dropping by 201.2 points to 5028.40. British Airways and the Hilton group lead the losers with drops of over 7% each as investors speculated about a terrorist involvement in the attacks which could adversely affect tourism and travel.
In Paris the Cac 40 Index  of France's forty largest companies took an even worse beating, dropping almost 4% by 11:47UTC by 170.37 points to 4109.58. Among the top losers was Axa Insurance which dropped by 5.4%.

Across the border in Germany the Dax  had shed 3.15%, or 145.47 points, by 11:50UTC to 4470.02 points. Again among the top losers was a major insurer – Allianz which fell over 5%.

It seems that airlines and insurers have been hit the worst so far. Ryanair has dropped 7.73% or over €400m in value and easyjet has shed  7.28%.

Shortly after news of the explosions spread to trading floors, shares of British Airways fell more than 6 percent. Other stocks affected included Carnival Corporation, InterContinental Hotels Group, Hilton Group, and Prudential.

The FTSE has recovered some of it's initial loss. Futures trading has seen highly increased volume.

The FTSE had recovered 116 points at 13:43 after it's initial fall of 206. Increased volume of FTSE futures on LIFFE has meant that many people have been able to profit from the fall.

The price of gold has jumped by 1% as investors seek a secure place for their money.

United States markets have fallen significantly as well, with the Dow having fallen by 65 points, the S&P 500 7.57, and the NASDAQ 7.51 as of 13:43UTC.
2005-07-07 London bombings|2005-07-07 Europe United Kingdom London Economy and business Stock market Tourism